Page last updated at 15:26 GMT, Monday, 1 February 2010

Germany will buy 'tax evaders' list if real

German chancellor, Angela Merkel
Germany's Angela Merkel: will buy the names if they are genuine

The German Chancellor, Angela Merkel, says she will buy a list of alleged tax avoiders said to be hiding money in Switzerland - if it is a genuine one.

Up to 1,500 Germans are alleged to have stashed millions of dollars in secret bank accounts across the border.

The Financial Times Deutschland reported that the data was being offered by an IT specialist who once worked at HSBC in Geneva.

He is said to be asking $3.5m (£2.1m) for the list of names.

Some estimate it could net the German government $100m.

However, the Swiss finance ministry said it had refused to grant Germany any assistance in connection with the document, saying it was based on stolen information.

Big names

"Everything should be done to get this data," Mrs Merkel told a news conference in Berlin, as long as the information was "relevant".

Two years ago, Germany paid $7m for a similar list of German citizens who had money in Liechtenstein, a country that was known as a tax haven.

That information uncovered some high-profile names of tax-avoiders, including Klaus Zumwinkel, the former head of Deutsche Post.

He was given a suspended jail term for hiding £1m.

German politicians are divided over whether to buy this new list, says the BBC's Oana Lungescu in Berlin.

Some leading members of Mrs Merkel's centre-right coalition argue it is wrong to deal in stolen goods. Others say it would be scandalous not to crack down on tax evaders.



Print Sponsor


SEE ALSO
The taxman cometh to Liechtenstein
11 Aug 09 |  Business
Liechtenstein deal 'to net 1bn'
03 Sep 09 |  Business
Liechtenstein eases bank secrecy
12 Mar 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific