Cape Breton Post

Germany gives Greece 10,000 records on possible tax cheats

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BERLIN — Germany has shared some 10,000 records on possible Greek tax cheats with Athens. Authoritie­s in the German state of North Rhine-Westphalia say the records concern Greek individual­s and companies who had almost 4 billion Swiss francs stashed in Swiss bank accounts. Bank secrecy rules in Switzerlan­d long made it easy for foreigners to hide money there. In recent years the country has signed several agreements pledging to co-operate with foreign tax authoritie­s. The state’s finance minister, Norbert Walter-Borjans, said in a statement Wednesday that the data might help Greece achieve “more tax honesty.”

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