Secular Café: Swiss banks under fire

Secular Café For serious discussion of politics, political news, policy, political theory and economics and events happening round the world

Swiss banks under fire Apr 30th 2013, 12:23 Everyone in Switzerland is aware of the power of the banks. http://www.spiegel.de/international/...-a-896689.html Mind you, this is what is currently firing up German interest in Swiss banks: http://www.economist.com/news/europe...ce-uli-uli-uli Quote: ULRICH HOENESS is one of Germany’s football greats, up there with Franz Beckenbauer, with whom he won a World Cup in 1974 and many titles for Bayern Munich, their club. A Swabian butcher’s son with blond curls, “Uli” was lean, clever and fast. And he was good at life. When a knee injury ended his career in 1979, he became Bayern’s manager, leading the team where he is still president to decades of success. He has survived a plane crash and run a thriving sausage business. Growing paunchier over the years, he remained earthy and became a moral voice in German sport and society. Politicians couldn’t be photographed enough with him. And now he may face prison. For over a decade, it has emerged, Mr Hoeness had a bank account in Switzerland that he hid from the German tax authorities. He seems to have counted on a German-Swiss agreement that would have kept such account holders anonymous while settling their back taxes through transfers between the governments. But when the leftist parties in Germany’s upper house killed that deal last year, he came clean. In January, he turned himself in, paying more than €3m ($3.9m) in back taxes.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions