German Officials disclose data of 100,000 bank accounts to curb tax-evasion
FRANKFURT: German officials disclosed the data pertaining to the bank accounts of suspected involving in tax evasion by passing more than 100,000 details of bank accounts to the neighbouring countries across the Europe.
Authorities in the western state of North Rhine-Westphalia said they have given access to three separate troves of data of Swiss bank and Luxemburg to their European counterparts.
The move was termed as “an important message to tax cheats: more and more hiding places for your unreported money are being discovered,” regional finance minister Norbert Walter-Borjans said.
The biggest package of data stemmed from a hard drive sent by an anonymous whistleblower to tax inspectors in the western state.
The hard drive contained details of almost 160,000 accounts held in a Luxemburg bank by citizens of 20 European nations including Germany, the statement said.
German officials in North Rhine-Westphalia and other regions are tackling 54,000 cases based on the data, while more than 40,000 of the accounts belong to people in France and Belgium.