Germany Taking Big Money Tax Evasion Seriously

Germany is getting tough on tax evaders hot on the heels of Zumwinkel’s arrest. Much of the money is headed Liechtenstein, a haven for tax evaders because of its strict confidentiality laws.

Liechtenstein doesn’t want to cooperate – they cite high German taxes as a reason for the mass exodus of cash. Germany has other ideas, including sanctions, if Liechtenstein refuses to assist in the tax evasion inquiries. But for now, Germany is sending in the big guns: secret agents to find out who is sending money to Liechtenstein without paying taxes.

What does your average German think of all of this? Watch here:

YouTube thumbnailYouTube icon

Facebooktwitterlinkedinmail
author avatar
Kelly Phillips Erb
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.

Similar Posts

One Comment

  1. HIGH TAXS JUST WAIT FOR OUR NEW EXPANED RATE.
    THEY TALK ABOUT THE FRENCH, GERMAN, ENGLAND, CANADA HAVING SUCH GREAT HEALTCARE FOR THE PEOPLE. CAN YOU GET THE REAL TAX RATES. I HAVE HEARD THAT FRANCE HAS A 75% INCOME TAX.

    CECIL

Comments are closed.