(Sm)art Investing: Rich Move Assets from Banks to Warehouses

(Sm)art Investing: Rich Move Assets from Banks to Warehouses

SPIEGEL ONLINE - July 24, 2013

To avoid paying taxes, the rich are emptying their bank accounts in Switzerland and investing in art. This has spawned a new business of storing such works tax- and duty-free in warehouses across the world. By Christoph Pauly more... Comment ]

Swiss Bank Leaker: 'Money Is Easy to Hide'

Swiss Bank Leaker: 'Money Is Easy to Hide'

SPIEGEL ONLINE - July 16, 2013

It was the most spectacular bank data leak of recent years: In 2008, former HSBC employee Hervé Falciani disappeared with the information of some 130,000 customers. He tells SPIEGEL he wants to help Europe hunt down its tax dodgers and expose a broken system. more... Comment ]


Latvia and the Euro: Meet the EU's Newest Tax Haven

Latvia and the Euro: Meet the EU's Newest Tax Haven

SPIEGEL ONLINE - July 11, 2013

Latvia will become the common currency area's newest member in January 2014 -- the same time that new tax laws go into effect allowing the country to compete with the likes of Cyprus and Malta. This could further destabilize the European economy. By Stefan Schultz in Riga, Latvia more... Comment ]

Corporate Tricks: EU Faces Tough Battle to Close Tax Loopholes

Corporate Tricks: EU Faces Tough Battle to Close Tax Loopholes

SPIEGEL ONLINE - May 21, 2013

Wealthy businesspeople shift millions of euros abroad while profitable companies use accounting tricks to minimize their taxable earnings and assets. The EU finally wants to create effective policies to curb these practices, but faces strong opposition from member states. By Christoph Pauly and Christoph Schult more... Comment ]


Georg Baselitz: Tax Officials Search Home of Famous German Artist

Georg Baselitz: Tax Officials Search Home of Famous German Artist

SPIEGEL ONLINE - May 06, 2013

After North Rhine-Westphalia bought a CD last summer with data on secret bank accounts, tax authorities have another high-profile case in their cross-hairs. They searched the Bavarian home of artist Georg Baselitz, whose work fetches millions on the international market, in a tax investigation. more...

Bayern's Uli Hoeness: The Rise And Fall of a Soccer Saint

Bayern's Uli Hoeness: The Rise And Fall of a Soccer Saint

SPIEGEL ONLINE - May 01, 2013

Uli Hoeness, the president of Bayern Munich and an icon of German club soccer, could end up behind bars for tax evasion. The case has highlighted the dark side of the skilful entrepreneur and philanthropist whose burning ambition made Bayern what it is today -- and has now triggered his fall from grace. By SPIEGEL Staff more... Comment ]


High-Profile Catalyst: Tough Times Ahead for German Tax Evaders

High-Profile Catalyst: Tough Times Ahead for German Tax Evaders

SPIEGEL ONLINE - April 30, 2013

The case of Bayern Munich President Uli Hoeness is heating up the German election campaign and presenting a challenge to the courts, which have gone easy on wealthy tax offenders until now. The high-profile case is likely to mean harsher punishments in the future. more... Comment ]

Money Mountain: Swiss Banks 'Plundering German Treasury'

Money Mountain: Swiss Banks 'Plundering German Treasury'

SPIEGEL ONLINE - April 26, 2013

Sociologist and former politician Jean Ziegler has few nice things to say about the banking sector in his native Switzerland. In an interview with SPIEGEL ONLINE, he argues the Alpine nation is the world capital of dealing in stolen goods, and that Germany has the power to change it. more...


Election Risk: Hoeness Tax Evasion Case a Headache for Merkel

Election Risk: Hoeness Tax Evasion Case a Headache for Merkel

SPIEGEL ONLINE - April 23, 2013

The tax probe of Bayern Munich President Uli Hoeness presents a danger for Chancellor Angela Merkel five months before general elections. The case makes her look weak on fighting tax evasion, a potentially major campaign issue. That explains why she was so quick to denounce the icon of German club soccer. By Veit Medick more...

Soccer Icon Wobbles: Bayern Munich President Probed for Tax Evasion

Soccer Icon Wobbles: Bayern Munich President Probed for Tax Evasion

SPIEGEL ONLINE - April 22, 2013

Bayern Munich President Uli Hoeness, the most powerful man in German club soccer, faces a steep fall from grace following weekend revelations that he is under investigation for tax evasion on a large Swiss bank account. Politicians are criticizing the football icon, who has been a vocal critic of corruption. more...