• Germany edition
 
Swiss want to tax loot from stolen CDs
Photo: DPA

Swiss want to tax loot from stolen CDs

Published: 05 Oct 2012 08:26 GMT+02:00
Updated: 05 Oct 2012 08:26 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 Thursday.

Tax authorities in the canton of Zurich are demanding 1.5 million Swiss 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 Swiss 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.

AFP/bk

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

09:12 October 5, 2012 by pepsionice
Since you can tax just about anything....taxation on data is acceptable. The end result will be that the Germans will have to pay three times what they are paying now....to make any Swiss dealer of stolen data interested in a deal.
19:25 October 5, 2012 by Rischart99
I thought the Swiss authorities said this was criminal activity. If they are now taxing it (like a legitimate income) then the German authorities must have been right to buy it.

Maybe the next person to sell should do from another tax haven, so the Swiss will understand that beggar thy neighbour tax policies do no-one any good in the end.
22:56 October 5, 2012 by sonriete
This is how the Americans jail all of the Mafia leaders, they bust them for not paying taxes on the illegal income. The story of the boot legger Al Capone is very famous for this reason.

The Swiss shoulld go after every one of them, with interest and penalties as well.

Does anyone seriously think this "income" should go untaxed?
10:17 October 6, 2012 by Berlin fuer alles
Just surprised the Germans haven't figured out a way of taxing them also.
Today's headlines
Child's near death sparks row over refugee homes
Leonardo had to have a finger and toe amputated after staff refused to call an ambulance. Photo: DPA

Child's near death sparks row over refugee homes

A political row has broken out in Bavaria after an asylum seekers' home failed to help a toddler who almost died of meningitis. The case has raised concerns about the treatment of refugees in the state. READ () »

Bayern and Dortmund to face off for German Cup
Kaiserslautern fans let off flares in the Allianz Arena on Wednesday night. Photo: DPA

Bayern and Dortmund to face off for German Cup

Holders Bayern Munich will face Borussia Dortmund in next month's German Cup final after cruising to a 5-1 win over second-division Kaiserslautern in Wednesday's semi-final. READ () »

Zalando hits back after undercover report
Working conditions at online retailer Zalando are under the spotlight. Photo: DPA

Zalando hits back after undercover report

Online fashion retailer Zalando has prompted an investigation by state prosecutors in Erfurt against an undercover journalist who revealed alleged "trade secrets" in a TV report on Monday night. READ () »

Ex-minister jailed over F1 race track scandal
Ingolf Deubel in court on Wednesday. Photo: DPA

Ex-minister jailed over F1 race track scandal

A former state finance minister was sentenced to three-and-a-half years in prison on Wednesday, having been found guilty of embezzling money in the scandal around the failed sale of the Nürburgring Formula One race track. READ () »

Upper Bavaria boasts lowest EU unemployment
A Bavarian worker works hard Photo: DPA

Upper Bavaria boasts lowest EU unemployment

Southern and central Bavaria have the lowest unemployment in the EU, according to figures released on Tuesday, with one business leader boasting the area has “de facto full employment”. READ () »

Thousands of tax evaders come forward to declare
Uli Hoeneß was jailed last month for tax evasion. Photo: DPA

Thousands of tax evaders come forward to declare

The number of German tax evaders who have self-declared to avoid prosecution trebled in the first quarter of 2014, figures published on Wednesday showed, with the rise put down to the "Uli Hoeneß effect". READ () »

Petition fails to remove WWII Russian tanks
One of the WWII Russian tanks near the Brandenburg Gate. Photo: DPA

Petition fails to remove WWII Russian tanks

The German government rejected on Wednesday a call by two newspapers to remove Russian tanks from a World War II memorial in central Berlin in protest against spiralling tensions in Ukraine. READ () »

Germany warns Ukraine talks must not fail
A Ukrainian policeman at a checkpoint in the eastern city of Kharkiv on Tuesday. Photo: DPA

Germany warns Ukraine talks must not fail

Foreign Minister Frank-Walter Steinmeier said on Wednesday that scheduled four-way talks on the Ukraine crisis must not fail, warning of "the threat of more dead and injured". READ () »

Olympic stadium could be giant polling station
Berlin's Olympic Stadium. Photo: DPA

Olympic stadium could be giant polling station

Berlin's Olympic stadium could become the world's biggest polling station if the Turkish community gets the go-ahead to vote there in Turkey’s general elections. READ () »

The Local List
Nine ways to celebrate Easter like a German
Photo: DPA

Nine ways to celebrate Easter like a German

From rolling wheels filled with burning hay down a hill, to waiting for a fox to bring eggs, The Local List this week looks at the nine best German Easter traditions. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Gallery
Nine ways to celebrate Easter like a German
Photo: Galerie Bilderwelt
Gallery
World War I in colour photos
Photo: DPA
Society
'The mafia has infiltrated every sector in Germany'
Photo: DPA
Society
JobTalk: Why you should teach English in Germany
Photo: DPA
National
330,000 sign up against TV licence fee
Photo: DPA
Hamburg
School kids hospitalized after 'porno' party
Photo: Submitted
Frankfurt
'I'll get even with my old pal Schwarzenegger'
Photo: DPA
Gallery
The week in pictures: April 5th - April 11th
Photo: DPA
Gallery
Ten great inventions you (probably) didn't know were German
Photo: J. Arthur White
Berlin
Clashes in Berlin as refugees tear down their own camp
Photo: DPA
Gallery
Munich's baby polar bears are finally named
Photo: DPA
Gallery
The 10 best German employers to work for
Advertisement:
CurrencyFair
Sponsored Article
Why it pays to avoid banks when making overseas transfers
Mr. Lodge
Sponsored Article
How to find a furnished rental in Munich
Sponsored Article
How to make a lasting impression in business
Hult International Business School
Sponsored Article
What they don't teach you at Business School
Photo: DPA
Society
Nine jobs you can only do in Germany
Photo:ESL
Sponsored Article
How to integrate successfully in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,133
jobs available
Toytown Germany
Germany's English-speaking crowd