A 400 Million Euro Windfall Swiss Data Affair Could Pay Off Handsomely for Germany

German tax authorities are preparing to pay a hefty sum for information on tax evaders with accounts in Switzerland, but the deal looks well worth it. The state is expected to recover as much as 400 million euros in back taxes, a German newspaper reports Friday.
The data on Germans with bank accounts in Switzerland is likely from Credit Suisse.

The data on Germans with bank accounts in Switzerland is likely from Credit Suisse.

Foto: Gaetan Bally/ AP
smd -- with wire reports