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Friede Springer said in a statement that she is delivering on a promise to “ensure continuity” and “safeguard the future of Axel Springer”and was “very happy and grateful to have found my successor in Mathias.” Mathias Doepfner, chairman of Springer AG, Friede Springer, deputy chairperson of Springer AG and German Chancellor Angela MerkelWhy Mathias Döpfner wants to navigate this enormous tax bill is clear–not every ‘gift’ arrives with a $500 million tax bill attached.
With plenty of time to plan this succession and move assets into trusts, or into the name of close family member, Döpfner could, Schubert speculates, end up paying a far smaller amount than the $500 million. Simply put, Döpfner will pay 50% tax on the private wealth remaining in his name, and the assets that remain in his name are easily changed. Schubert adds, “Basically ... one can assume that there shouldn't be any gift tax applicable.
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