The 'Singapore Connection' German Tax Investigators Set Their Sights on UBS

The German state of North Rhine-Westphalia has made headlines by buying data on Swiss bank accounts in a crackdown on German tax evaders. But now they have found evidence that Swiss bank UBS may have helped Germans shift their assets to Singapore before a tax treaty between Germany and Switzerland goes into effect next year.
Investigators are looking into allegations that UBS abetted tax evasion by German clients.

Investigators are looking into allegations that UBS abetted tax evasion by German clients.

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dgs - with wire reports