UBS Tax-Evasion Clients Keeping German Prosecutors Busy
Yup. They bought CD.
The Germans are not know for throwing their euros around willy-nilly. Just ask Alexis Tsipras. So it should come as no surprise that the Bundesrepublik is making full use of those lists of tax-evaders it illegally bought.
Prosecutors investigating tax fraud in Germany by clients of Swiss bank UBS have launched around 2,000 proceedings, German paper WAZ quoted a state prosecutor as saying….
Investigations into tax dodging began after the state of North Rhine-Westphalia bought a CD containing details of UBS customers in 2012, which related to assets worth 3.5 billion Swiss francs ($3.5 billion).
German prosecutors launch 2,000 tax cases against UBS clients: paper [Reuters]