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German tax inspectors follow Swiss data trail
German authorities buying inside information from Swiss bankers to track down tax evaders.
Last Modified: 26 Sep 2012 01:58

Swiss banks are known the world over as tax havens for the wealthy.

Account holders are protected by a law that keeps their identities and deposits secret. Now, however, Germany is buying inside information as part of a crackdown on its tax evaders.

The move is causing tensions to rise between the two European neighbours.

Al Jazeera's Nick Spicer reports from Bern, Switzerland.

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Source:
Al Jazeera
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