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.

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.

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