Does he not have to pay taxes on that 1m euros in the eu?

Absolutely. That is either "Teileinkünfteverfahren" (60% of 1 Million EUR are taxed, 40% are tax-exempt) or "Abgeltungssteuer" (Government takes a 25% cut). Fun fact: there is no tax on winning the lottery in Germany!

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batisteo 5 hours ago | parent [-]

Loto is well-known (in France) as the poors' taxes

	▲	rmoriz 5 hours ago \| parent [-]
		Only if you lose (not win) :) (irrelevant side node: poker is treated as skill based game in Germany, hence you have to pay taxes on wins)

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vjerancrnjak 6 hours ago | parent | prev | next [-]

Some countries have 0 rate if sold after x years. Although many had it in the past, they’ve started eliminating it.

	▲	torginus 5 hours ago \| parent [-]
		And some countries have the opposite - they tax your invested gains as if you turned them to cash

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FuriouslyAdrift 6 hours ago | parent | prev | next [-]

I guess top rate in Germany is 45%

	▲	fhd2 5 hours ago \| parent [-]
		If you live in the west, 47.5% even. But that's income tax, whether that applies here depends on how it's structured.

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mk89 6 hours ago | parent | prev | next [-]

Sure he does. He lives in Germany. They are gonna rip that 1 million apart.

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zwnow 6 hours ago | parent | prev [-]

You pretty much pay taxes on everything in the EU. In Germany there are ways you can reduce the total tax you have to pay and as far as I know you wont have to pay social security contributions on that. It'll still be 6 digit tax amount.