• Germany's news in English
 
UBS tax dodger data copied from PC screen
Photo: DPA

UBS tax dodger data copied from PC screen

Published: 04 Dec 2012 15:26 GMT+01:00

"The data was photographed from a (computer) screen and pieced together bit by bit," lawyer Jorg Schauf, representing a UBS client, told the Tages Anzeiger.

Describing the quality of the information obtained by the German state of North Rhine-Westphalia as "remarkable", Schauf blamed the "work of an internal source" for the leak.

Many banks have worked to shore up internal security protocols since client's private information began to find its way to German tax investigators in 2007, which this latest method circumvents.

"Everything is in (the photographs)," said Schauf, including a complete overview of clients' assets, their wealth before and after the global financial crisis and the names of their advisers at the bank.

The data handed over contains information on assets worth more than Sfr3.5 billion (€2.9 billion), with the most recent information dating back to March 2010, the daily reported.

New procedures are being introduced at the bank, a UBS spokesman said.

A tax deal between the two countries aimed at ending such exchanges is proving elusive after Germany's upper house -- the Bundesrat -- blocked ratification last month.

Under the terms of the double taxation agreement signed by ministers from both countries earlier this year, German citizens with assets parked in Switzerland's notoriously secretive banks faced paying a tax rate of 26.4 percent on their holdings.

AFP/mry

The Local (news@thelocal.de)

Your comments about this article

Today's headlines
German-Turkish group against far-right talks
Protesters in Munich rally against the PEGIDA organization. Photo: DPA

German-Turkish group against far-right talks

A Turkish community leader in Germany warned on Sunday against proposals by mainstream politicians for "dialogue" with a far-right populist movement that has drawn thousands to anti-Islamic street protests. READ  

Merkel calls for truce talks over Ukraine crisis
Angela Merkel and Ukranian President Petro Poroshenko. Photo: DPA

Merkel calls for truce talks over Ukraine crisis

German Chancellor Angela Merkel on Sunday welcomed a prisoner swap between Ukraine's government and pro-Russian rebels but expressed regret about the stalling of truce talks. READ  

Germany warns Greece over reforms as left rises
Finance Minister Wolfgang Schäuble has said he expects Greece to honour its debts. Photo: DPA

Germany warns Greece over reforms as left rises

Germany's finance minister has warned Greece that any new government must respect commitments made by its predecessor, as the country moved closer to early elections that EU officials fear would be won by a radical leftist party. READ  

LG offices raided over suspected vandalism
A Sumsung washing machine. Photo: DPA

LG offices raided over suspected vandalism

South Korean prosecutors raided the Seoul headquarters of LG Electronics on Friday following allegations that the firm's executives vandalised their rival Samsung's washing machines at a trade fair in Germany, company officials said. READ  

Neuer cautious over Ballon d'Or prospects
Photo: DPA

Neuer cautious over Ballon d'Or prospects

Germany's World Cup winning goalkeeper Manuel Neuer on Friday played down his prospects of securing the World Player of the Year award over holder Cristiano Ronaldo and Lionel Messi. READ  

News Feature
No Boxing Day football tradition for Germans
Germans football fans will have nothing to watch this Boxing Day Photo: DPA

No Boxing Day football tradition for Germans

Defying national stereotypes, it is British footballers who will be braving the freezing cold to take to the pitch on Boxing Day, whilst Germany's players are already sunning themselves on their winter break until the end of January. READ  

Germans hit back at anti-immigrant movement
Demonstrators protest against PEGIDA. Photo: DPA

Germans hit back at anti-immigrant movement

Business leaders, the political class and average Germans are pushing back against a growing anti-immigrant movement, saying it threatens the values and image the country fought hard to establish since the war. READ  

German president urges refugee compassion
Photo: DPA

German president urges refugee compassion

Germany's president appealed in a Christmas message for compassion and openness towards refugees coming to the country, which is grappling with a growing anti-Islam movement. READ  

Reward offered for €150k homing pigeon
A female homing pigeon. Photo: DPA

Reward offered for €150k homing pigeon

A breeder in Düsseldorf has offered a €10,000 reward after thieves stole a homing pigeon worth €150,000 from his aviary. READ  

Royal palace restored to glory after €4.5m refit
The vestibule of the Schloss Charlottenburg, which reopens on Boxing Day Photo: DPA

Royal palace restored to glory after €4.5m refit

The royal palace of Fredrick the Great in Berlin is to fully reopen to visitors on Boxing Day after a 4.5 million euro refit. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
Top 12 German idioms
Willy Brandt at his inauguration in 1972. Photo: DPA
National
Willy Brandt: the man, the chancellor... the airport?
Dresden skyline and river by night. Photo: DPA
Politics
What does Dresden have against Muslims?
Sponsored Article
Why are these International Baccalaureate students cheering?
Germany's national football team lifts the World Cup trophy
Gallery
Germany's most-Googled words of 2014
National
Why has The Local got a new logo?
Photo: DPA
National
This German was abducted and tortured by the CIA
Culture
10 top tips for partying in Germany
Sponsored Article
Top ten gifts for an expat Christmas
Photo: DPA
Technology
What does the Chancellor see as the future of the internet?
Photo: DPA
Culture
Stuff your face with these festive German cookies
Photo: DPA
Culture
What do beer, breakfast cereal and dildos have in common?
Culture
The Local's guide to German Christmas markets
Sponsored Article
Top five quirky Christmas jumpers
Photo: DPA
Culture
Get ready for Christmas like a German. We tell you how.
Photo: DPA
Munich
She did what with her dead mother?
Photo: DPA
National
Germany still paying for crisis fall out
Photo: DPA
Culture
Saxon wurst is the worst, Christmas market declares.
Photo: DPA
Politics
Can 'sorry' ever be enough for the Linke?
Photo: DPA
Berlin
The Local's series on 25 years since the fall of the Berlin Wall
Photo: DPA
Gallery
See how Berlin has changed in 22 photos
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

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

3,056
jobs available
The Local Spain is hiring!
The Local is seeking a new editor for our site in Spain to join our growing team of internationally-minded, driven, ambitious and clued-up journalists.
Details and how to apply
Toytown Germany
Germany's English-speaking crowd