On TikTok, a tax consultant took a look at the companies of Twitch streamer Jens “Knossi” Knossalla. He finds that Knossi must have a very good tax advisor who saves him money.
What kind of “trick” is this? Tax consultant Marvin Müller reviewed the companies of Twitch streamer Knossi on his TikTok channel “tax-mueller.” Knossi indirectly owns two companies: the operational company King Entertainment GmbH and the parent company JK Holding GmbH.
His so-called “daily money” from collaborations or earnings on Twitch flows into the operational company. The parent company owns the operational GmbH and Knossi, in turn, owns 100% of the shares of only JK Holding GmbH. However, he does not directly own King Entertainment GmbH, only through the parent company.
If money flows into King Entertainment GmbH and it makes a profit, 30% taxes must be paid on that. If Knossi wants to use the remaining money from the company, for example for investments in stocks or real estate, he would have to pay 25% capital gains tax as a private person on it. To avoid this, the remaining money flows into JK Holding GmbH.
With an advantage of 1.5% taxes
How does Knossi save money? This structure has the advantage that only 1.5% taxes need to be paid on the money the holding receives. This way, Knossi has much more capital left in the holding to reinvest directly than if he were to withdraw it personally.
Important to know: This does not mean that Knossi as a private person only has to pay 1.5% taxes. If he pays himself a salary from the holding, he still has to pay income tax on it at the normal rate. The tax rate is probably around 42–45%.
How a holding works is explained by tax.mueller in a separate TikTok:
What else does the tax consultant say? Furthermore, Marvin Müller reviewed the 2023 balance sheet of Knossi’s company. He reads that almost 4 million euros are in the company’s account.
In conclusion, the tax consultant says that Knossi can be very satisfied with the results and he is curious to see how it will develop in 2024 and 2025.
Looking at this corporate structure, it quickly becomes clear that the Twitch streamer seems to have a good tax advisor. You can read about the beginnings of Knossi’s career on Twitch here on MeinMMO: Knossi became huge on Twitch because he streamed online casinos but does not want to belong to “those”
