Post by Hans on Apr 17, 2013 3:59:14 GMT 4
German authorities launched dawn raids on the homes of over 200 suspected tax cheats Tuesday, acting on information gleaned from a CD containing the confidential account details of thousands of Swiss bank clients.
The top tax officials in the southwestern state of Rhineland-Palatinate said he expected to net some 500 million euros ($654 million) from the data, which German investigators bought for €4 million ($5.2 million) after deeming it "authentic and of excellent quality."
"This amount is testament to the high criminal energy used to hide capital gains," Carsten Kuehl, the state's finance minister, said in a statement.
Kuehl didn't say who had sold the CD containing the data or which Swiss banks were involved in the case.
The top tax officials in the southwestern state of Rhineland-Palatinate said he expected to net some 500 million euros ($654 million) from the data, which German investigators bought for €4 million ($5.2 million) after deeming it "authentic and of excellent quality."
"This amount is testament to the high criminal energy used to hide capital gains," Carsten Kuehl, the state's finance minister, said in a statement.
Kuehl didn't say who had sold the CD containing the data or which Swiss banks were involved in the case.
