A former bank employee is trying to flog stolen data containing details of thousands of individuals with Swiss bank accounts to the German tax authorities.
The informant is asking for €2.5m for the confidential data, which is rumoured to have come from HSBC bank in Switzerland. There is speculation that the information could produce €100m for the German taxman; according to the Frankfurter Allgemeine Zeitung.
In 2008 Germany bought data on tax evaders (from an informant) about clients of a Liechtenstein bank, which it then passed onto the UK’s taxman. If the Germans buy this Swiss data it is highly likely to end up in the hands of HMRC in the UK.
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