Thursday, February 25, 2010

When Germany planned to buy Tax Dodgers Stolen Data!

It has quite a while I did not publish any post, well I was occupied with my tax declarations for the year 2010. Yes, a year has gone by and the very uninteresting work begins with the filing of tax declarations. And to be honest, the Germany’s tax system is the most complex in the world. So you can imagine how tough it shall be to file tax declaration.

Every year lot new rules and definitely needs to purchase an updated software, start gathering all the relevant documents and then start input the data. You may believe or not, I have not finished it yet despite it has been almost two weeks now. It is a lot of work but I really enjoy it doing myself than depending upon any tax consultant. Well, I could save some bucks too and also it does help me get acquainted with the latest taxation rules.

I am person who believe paying taxes is the right thing to do and just not because the state utterly depends upon on my payment of some thousands euro and not because I don’t have a Swiss Bank account. May be not everyone think the same and lot many has got the notorious Swiss Bank accounts.


Many of you might have already read or heard thou that there has been lot of hue and cry over a last few weeks in Germany over the purchase of about 1500 Tax Dodgers data stolen by an informant. It was initially believed that there might be more than 100 million euro stashed by these around 1500 tax dodgers in Swiss Banks. The informant has already provided some five accounts worth 1 million euro in tax as proof and demanded €2.5 millions for the complete list.

After lot of elaboration and debate, Germany decided to buy the stolen data despite lot of criticism and despite the warnings from the Swiss government. And now Swiss started threatening to disclose the data of the the German politicians. Will the State bend the rules and be a crook to catch the crooks? Still the debate is on.

Whatever it is following the Germany’s decision to buy the stolen tax dodgers data, terrified tax dodgers are turning themselves in to avoid investigations and possible legal actions. It has been estimated the tax revenues from these may reach more than 400 million euro. Well, it has already exceeded Germany’s expectations.

But what do you think, should Germany or any other state in Germany’s position should buy the “stolen” tax dodgers data against the laws of the state?

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  1. Thank you for all the great posts from last year! I look forward to reading your blog, because they are always full of information that I can put to use. Thank you again, and God bless you in 2010.

  2. It would be wonderful if something like this happens in India!!!!..wat say Seema..

  3. If it's against the law, why would the government, of any country for that matter, buy that "stolen" thing? We can't correct a wrong by doing another wrong! Thanks for sharing this. It will serve as eye-opener to governments who are supposed to safeguard the peoples' welfare.

    I want to exchange links with your blog.