SHARE
COPY LINK

CRIME

Taxman rakes in hundreds of millions thanks to stolen bank data

Germany is still raking in hundreds of millions of euros from tax dodgers thanks to stolen Liechtenstein bank information purchased in 2008, just as new Swiss data is scaring droves of offenders to turn themselves in.

Taxman rakes in hundreds of millions thanks to stolen bank data
Photo: DPA

According to daily Süddeutsche Zeitung, some €626 million in back taxes have flowed into government coffers due to voluntary disclosure from offenders as authorities at the Bochum public prosecutor’s office probe a list of Liechtenstein bank data provided by an informant in February 2008.

The office has finished 244 of the 596 cases in the affair involving LGT Treuhand, a former subsidiary of the LGT Group – work which has garnered an additional €161 million, the paper said.

The tax fraud scandal that followed the sale of the bank data two years ago pointed to some of Germany’s top earners, among them former Deutsche Post boss Klaus Zumwinkel, who was sentenced to two years probation and a fine of €1 million in January 2009.

But in another case involving LGT Treuhand, a Bad Homburg business man won millions in damages in a suit against the bank for failing to reveal that his information was stolen along with hundreds of other account holders and sold to German authorities for a criminal investigation. He argued that if the bank had informed those on the list that their data had been sold, they could have turned themselves in, receiving temporary amnesty and much lower fines.

Bochum investigators told Süddeutsche Zeitung they plan to finish their cases regarding the Liechtenstein bank in the next year, meanwhile a more recent case of stolen Swiss data bought by the German government is expected to bring in significantly more hidden tax money.

Tax officials report that some 13,000 people nationwide have turned themselves in for tax fraud following the government’s decision to buy stolen bank data on secret accounts at Swiss banks early this year, daily Rheinische Post reported on Wednesday.

According to the paper, these reports – which have come mainly from the states of Baden-Württemberg, Bavaria, North Rhine-Westphalia and Hamburg – could bring in more than €1 billion.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

CRIME

Teenager turns self in after attack on German politician

A 17-year-old has turned himself in to police in Germany after an attack on a lawmaker that the country's leaders decried as a threat to democracy.

Teenager turns self in after attack on German politician

The teenager reported to police in the eastern city of Dresden early Sunday morning and said he was “the perpetrator who had knocked down the SPD politician”, police said in a statement.

Matthias Ecke, 41, European parliament lawmaker for Chancellor Olaf Scholz’s Social Democrats (SPD), was set upon by four attackers as he put up EU election posters in Dresden on Friday night, according to police.

Ecke was “seriously injured” and required an operation after the attack, his party said.

Scholz on Saturday condemned the attack as a threat to democracy.

“We must never accept such acts of violence,” he said.

Ecke, who is head of the SPD’s European election list in the Saxony region, was just the latest political target to be attacked in Germany.

Police said a 28-year-old man putting up posters for the Greens had been “punched” and “kicked” earlier in the evening on the same Dresden street.

Last week two Greens deputies were abused while campaigning in Essen in western Germany and another was surrounded by dozens of demonstrators in her car in the east of the country.

According to provisional police figures, 2,790 crimes were committed against politicians in Germany in 2023, up from 1,806 the previous year, but less than the 2,840 recorded in 2021, when legislative elections took place.

A group of activists against the far right has called for demonstrations against the attack on Ecke in Dresden and Berlin on Sunday, Der Spiegel magazine said.

According to the Tagesspiegel newspaper, Interior Minister Nancy Faeser is planning to call a special conference with Germany’s regional interior ministers next week to address violence against politicians.

SHOW COMMENTS