Finance Court: Expenses are deductible
The Kassel Finance Court has recognised the approach as income-related expenses. The employee had no private reason for the exchange transaction. The loss was exclusively due to professional reasons. It does not play a role for the tax consideration that the bill of exchange transaction was only preceding the actual sales contract. Likewise it plays no role for the fiscal view that the business made no sense at all economically.
It was important, however, that there was no indication that the employee had behaved in a criminal manner. In such a constellation, it must be expected that the tax offices will pay close attention to whether there are any indications of criminal behaviour.