Swiss Bank Data Studied by Baden-Wuerttemberg for $1 Billion in Unpaid Tax

Patrick Donahue reports:

German authorities in the state of Baden-Wuerttemberg are examining tax information offered by an informant detailing what may be illicit funds stashed in Swiss accounts, though they said they won’t buy stolen data.

Finance Ministry officials in the southwestern region received an offer from an informant who claimed to have information on German companies and business people with 800 million euros ($1 billion) in Swiss accounts, Simon Veser, a ministry spokesman, said by telephone today from the state capital Stuttgart.

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