Home > News > World
Friday March 14, 2014 MYT 4:55:01 PM
Friday March 14, 2014 MYT 4:56:14 PM
BERLIN (Reuters) - Germany's centre-left deputy chancellor hailed the jail sentence for tax evasion handed to Bayern Munich soccer boss Uli Hoeness and said the directors of Swiss banks that hide such funds should be hauled before the courts.
"I hope we will now reach a new level in the fight against tax evasion," Sigmar Gabriel of the Social Democrats (SPD) said in an interview published on Friday, when asked about Hoeness's 3-1/2-year jail term for evading 27.2 million euros in taxes.
"It has become a regular business model to move millions in profits from speculative business to Switzerland, where they are not taxed," Gabriel, who is also German economy minister, told the Passauer Neue Presse newspaper.
"We should therefore force the Swiss banks to disclose everything. It would be better still if some of the bank directors who aid and abet such huge tax evasion were to stand before the courts the same way," said Gabriel.
The SPD, coalition partners of Chancellor Angela Merkel's conservatives since the end of last year, have long campaigned for a crackdown on German tax dodgers using Swiss bank accounts.
When it was in opposition in Merkel's previous term the SPD blocked a tax deal with Switzerland arguing that it did not go far enough as it would have protected the anonymity of German bank account holders.
(Reporting by Stephen Brown; Editing by Catherine Evans)
U.S. pro-Israel lobby opposes push to toughen Iran nuclear bill
As Armenia marks 1915 massacre, Berlin calls it genocide
No decision yet on Mistral, France's Hollande says
Former foes honour Gallipoli's fallen on 100th anniversary
Next stop – Sensational Singapore
How Malaysians abroad are bridging a skills gap
Holder Selby tumbles out of world championship
Bold: How To Go Big, Achieve Success And Impact The World
Affordable travel packages to destinations around the world
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)