IPS NEWS AGENCY
BERLIN — New cases of tax evasion in several European countries are showing the limits of the informal agreements reached between the Organization for Economic Cooperation and Development (OECD) and tax havens such as Switzerland, Luxembourg and Liechtenstein.
The cases surfaced in January when anonymous former clerks at Swiss private banks offered the German ministry of finance copies of CDs containing data on German citizens who maintain secret bank accounts in Switzerland, and who use them to evade taxes.
Early February the German government announced that it would buy the CDs, for some two million Euros (2.7 million US dollars). The data contained in the CDs would allow the German fiscal authorities to legally pursue the evaders and collect more than 400 million Euros (543 million dollars) in additional taxes.