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A CD Valued at $641 Million
By Jean-Jacques Maleval, Fri, July 23rd, 2010
Containing people with money hidden in a Liechtenstein bank
To read this article from Bloomberg, click on:
German Tax Evasion Resurfaces With Report of Liechtenstein Bank-Disk Offer
Schleswig-Holstein, the most northerly of Germany’s 16 states, is in talks with an unidentified source to buy the CD containing details of "hundreds" of people with money hidden in a bank in Liechtenstein, the Sueddeutsche Zeitung reported today, without saying where it got the information. The data relates to accounts worth 500 million euros ($641 million) at Liechtensteinische Landesbank, the Munich-based newspaper said. Chancellor Angela Merkel’s government recouped 200 million euros in back taxes from a disk with data from Liechtenstein purchased in 2008, and has bought further CDs with details of tax evasion involving accounts in Switzerland. The latest CD is at least the seventh to be offered to German authorities and Schleswig-Holstein will probably buy it, the Sueddeutsche said.
German Tax Evasion Resurfaces With Report of Liechtenstein Bank-Disk Offer
Schleswig-Holstein, the most northerly of Germany’s 16 states, is in talks with an unidentified source to buy the CD containing details of "hundreds" of people with money hidden in a bank in Liechtenstein, the Sueddeutsche Zeitung reported today, without saying where it got the information. The data relates to accounts worth 500 million euros ($641 million) at Liechtensteinische Landesbank, the Munich-based newspaper said. Chancellor Angela Merkel’s government recouped 200 million euros in back taxes from a disk with data from Liechtenstein purchased in 2008, and has bought further CDs with details of tax evasion involving accounts in Switzerland. The latest CD is at least the seventh to be offered to German authorities and Schleswig-Holstein will probably buy it, the Sueddeutsche said.
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