Swiss bank files stolen, the Germans are getting involved

After the case of the files stolen from HSBC in Geneva by a former employee of the bank and handed over to the French tax authorities, it is now Germany's turn to have "its" case.

Indeed An informant offers to sell the German Finance Ministry a list of taxpayers who have hidden funds in Switzerland. The informant would propose a list of 1500 taxpayers, fraudster in business, at a price of 3.7 million francs (2.5 million euros).

Used, This data would allow the German tax authorities to recover at least 100 million euros.. The informant wanted to show his good faith, and provided a short list of 5 names, which would allow 1 million euros to be recovered for the state coffers.

In Germany, questions are being raised about whether this method of paying for data used by the state, legally questionable, East moral good…That would be encouraging a thief. But some German MPs think that when it comes to recovering 100 million to 200 million in taxes, one should not hesitate.

Federal councilors spoke out while attending the World Economic Forum (WEF) in Davos. They warned Germany against using this data.

In the similar case involving the theft of bank files from HSBC, after Switzerland threatened to freeze the implementation of a future tax cooperation agreement, France eventually returned the files and pledged not to use or transmit them.