Published: 05 Oct 2012 09:32 GMT+02:00 | Print version
Updated: 05 Oct 2012 09:32 GMT+02:00
Swiss tax authorities want to tax money made in 2010 on stolen information about 1,500 suspected German tax cheats holding bank accounts in Switzerland, media reported on Thursday.
Tax authorities in the canton of Zurich are demanding 1.5 million francs ($1.6 million, €1.2 million) from the family of an Austrian man who committed suicide after he was arrested in September 2010 for stealing and selling the data to authorities in the German state of North Rhine-Westphalia, the ATS news agency reported.
The 42-year-old Credit Suisse employee reportedly received 2.5 million francs for the stolen data, which led German authorities to raid branches of the Swiss bank in 13 German cities.
According to ATS, Swiss authorities had blocked the heirs' access to his entire estate in anticipation of the tax payment.
The tax cheat data incident caused a major row between Germany and Switzerland, which reacted angrily, saying the data were stolen in violation of its banking secrecy laws.
As much as €180 billion in German assets are hidden in Switzerland, according to unconfirmed German media reports.
A tax deal between the two countries, aimed at ending such disputes, is to take effect in January 2013 but still needs to be ratified by both houses of the German parliament.
China's Premier Li Keqiang has slammed the European Union for plans to probe the country's telecom products and impose taxes on its solar panels, Chinese state media reported on Saturday. READ () »
Tibetan exiles in Bern on Friday urged Swiss authorities to take China to task for its human rights record during a landmark visit by Premier Li Keqiang focused squarely on a trade deal. READ () »
Chinese Premier Li Keqiang on Friday hailed a free trade deal with Switzerland as a landmark achievement, saying it had "huge meaning" for global trade and underscored Beijing's growing openness to the world. READ () »
Steffan Millius grips his sword and makes his way through the throngs of people crowding into Appenzell's central square to take part in Switzerland's famous direct democracy in perhaps its purest form. READ () »
A University of Neuchâtel professor under fire for alleged plagiarism is now facing accusations of falsifying his CV. READ () »
The sailboat of Swiss explorer and adventurer Mike Horn was ordered seized by a Marseille court in a southern French port over a dispute involving a naval architect, according to a media report. READ () »
Geneva cantonal police raided eight erotic massage parlours on Tuesday for an investigation into tax fraud allegedly amounting to several million francs. READ () »
A diamond necklace from Geneva jeweller De Grisogono worth 2.5 million francs was reported stolen from Cannes on Thursday, just days after thieves made off with 1.4 million francs' worth of bling from Chopard, another jeweller from the Swiss city. READ () »
Chinese Premier Li Keqiang sees a looming free-trade deal with Switzerland as a touchstone for Beijing's growing ties with foreign nations, he told a Swiss newspaper on Thursday ahead of a landmark visit to Europe. READ () »
Whether you have ever or never visited the Netherlands, the country that crowned a new monarch this year is also celebrating a wealth of special jubilees in its popular capital. Here’s the lowdown on why Amsterdam is the place to be in 2013. READ () »
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