Germany forwards Swiss bank account data to 27 countries for tax checks

April 14, 2016 9:30 AM

18 0

FRANKFURT/DUESSELDORF A German state has obtained data of Swiss bank accounts with over 100 billion Swiss Francs ($103 billion) in assets and has forwarded the information to 27 countries to verify if taxes have been paid, the state's finance minister said on Thursday.

The data was obtained from CDs that the state of North-Rhine Westphalia had previously bought and evaluated, Finance Minister Norbert Walter-Borjans said on Thursday.

Also read: Italy's Monte Dei Paschi Denies Any ECB Notice

Read more

To category page

Loading...