> And then, if you pay it out from Magic Holding GmbH to you personally, then yes, you pay ~26% capital gains tax – but the huge benefit here is that it could a

> And then, if you pay it out from Magic Holding GmbH to you personally, then yes, you pay ~26% capital gains tax – but the huge benefit here is that it could accrue investment returns in the meantime! This isn't an optimisation and doesn't matter unless I'm misunderstanding what is being suggested. Multiplication is commutative so it doesn't matter if you pay the taxes before or after accruing returns, as long as your goal is to get that money to you. $100 * 0.5 (for 50% income tax) * 2 (for 100% investment return) = $100 whichever order you do the multiplication.