More Germans Disclose Tax Evasion Over CD Purchases, FTD Says
The number of people in Germany who turned themselves in for tax evasion rose after the latest acquisitions of CDs with bank account information, the Financial Times Deutschland reported on its website.
The state of Baden-Wuerttemberg reported 287 self- declarations since July 15, the newspaper said, citing the tax authorities. In North Rhine-Westphalia, the number for July rose to 93 from a previous monthly average of 20, according to FTD. Tax authorities bought four CDs with bank data in recent weeks, the newspaper said.
To contact the reporter on this story: Allison Connolly in Frankfurt at firstname.lastname@example.org
To contact the editor responsible for this story: Angela Cullen at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.