Arnold Schwarzenegger recently flew into Munich Airport en route to his native Austria with an Audemars Piguet watch that he planned to auction at a charity gala organized by his climate foundation, the Schwarzenegger Climate Initiative. However, he didn’t declare the watch to customs officials, and when it was discovered, he spent around three hours being interviewed and fined. The Audemars Piguet watch was valued at 26,000 euros. and Schwarzenegger had to pay that plus 4,000 euros in tax plus a fine of 5,000 euros. German officials also opened a criminal procedure investigation for possible tax evasion, which is their standard procedure.

Source: The Guardian January 18, 2024 10:06 UTC