Swiss Banks Helping Tax Evaders, Gabriel Tells Deutschlandfunk
Sigmar Gabriel, the chairman of Germany’s main opposition Social Democratic Party, said Swiss banks are involved in “organized crime” that fosters tax evasion, according to an interview with Deutschlandfunk radio station.
An agreement between Switzerland and Germany is “full of holes” and allows tax evaders to pre-emptively put their funds out of reach of authorities, Gabriel said, according to a transcript of the interview on the German station’s website.
To contact the reporter on this story: Cornelius Rahn in Frankfurt at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.