Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Steinbrück: tax dodgers threaten society

Share this article

Steinbrück: tax dodgers threaten society
Photo: DPA
12:19 CEST+02:00
German Finance Minister Peer Steinbrück warned on Monday that tax evasion was a crime serious enough to threaten the country's social cohesion.

“Finding and prosecuting tax criminals is not a political cops and robbers game, but an absolute duty of government,” he wrote in a guest article in Monday's edition of the Hamburger Abendblatt newspaper. “Tax evasion is no trivial offence. If you evade tax you are harming other citizens and endangering the cohesion of our society,” he continued.

The German parliament is to debate a new bill on Thursday aimed at more effectively preventing Germans from relocating to so-called tax havens abroad. Referring to this, the minister wrote, “Taxpayers are justifiably asking themselves why they have to pay for the consequences of unrestrained financial capitalism.”

Steinbrück argued, “If those that have profited from these excesses then also hide their profits in tax havens, and therefore deny them to our society ... then it can have dangerous effects on the legitimate foundations of our social market economy and our parliamentary democracy.”

According to the minister, there have been significant successes in the prevention of tax evasion and tax fraud on an international level, but improvements are still necessary in Germany's domestic tax law. “Among other things, the new law proposed by the federal cabinet intends to make those who do business from tax havens answer to the tax authorities,” he said.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement