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| German State Rejects Tax Data Disc Purchase |
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, August 03, 2010
Following months of careful consideration, the German state of Hesse has announced
that it does not intend to purchase records reportedly containing information
on alleged tax evaders in the area.
According to Hesse’s Financial State Secretary Thomas Schäfer, intensive
examination of the material has lead to the realization that the records do
not in fact contain any concrete, usable information. Given the lack of inherent
value, the finance ministry has firmly ruled out any plans to purchase the material,
Schäfer added.
Initially presented to the federal tax office in Bonn, the material was subsequently
transferred to the authorities in Hesse for examination. Since mid-March, eight
tax investigators have been assessing the information. The data has been offered for EUR2.7m.
According to a spokesman from the finance ministry, the material concerns correspondence
that had been scanned, although not sorted, from a global firm advising customers
on opportunities for investment and tax savings. The material is believed
to be abstract, non-person specific and therefore not relevant for the purposes
of tax investigations. The mere fact that the state is prepared to consider
such a purchase has reportedly led to around 3,000 self-declarations in Hesse
alone.
Other federal states in Germany have, however, elected to purchase tax data
discs made available to them. Most recently, tax authorities in the German state
of Schleswig-Holstein were reportedly offered a tax data disc, allegedly containing
information on around a hundred German clients suspected of having evaded taxes
through accounts with Liechtenstein Landesbank (LLB), amounting to an estimated
EUR500m.
It is believed that the authorities in Kiel intend to purchase the disc following
sample analysis of the data. While this has already been discussed and agreed
with the federal finance ministry, a final decision regarding the purchase has
as yet not been made.
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