CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Germany's SPD Seek Tougher Action On Tax Evasion

Germany's SPD Seek Tougher Action On Tax Evasion

by Ulrika Lomas,, Brussels

06 February 2014

In the wake of the emergence of further high profile cases, Germany's ruling Social Democrats (SPD) have warned that the Government must now intensify efforts to combat tax evasion, calling on Finance Minister Wolfgang Schäuble to act swiftly and decisively.

According to Spiegel Online, SPD parliamentary party leader Thomas Oppermann argued that if tax evaders are now known in intellectual circles, this points to a much wider problem and larger number of unreported cases than previously anticipated.

Consequently, the Government must step up tax investigations, and revise the voluntary declaration of non-compliance provisions, which currently grant impunity from prosecution, amending the procedure if necessary, Oppermann said. Furthermore, the Government must forcibly clamp down on so-called tax havens, Oppermann continued, alluding to such non-cooperative jurisdictions as an "acute threat to democracy," given that society is financed by taxes.

Underlining the need for Finance Minister Schäuble to take immediate and resolute action, Oppermann insisted that the Government must "actively push" the subject of tax evasion on all international levels, as agreed within the framework of the Grand Coalition agreement between the SPD and its coalition partner, the Christian Democratic Union (CDU) party.

Finally, Oppermann stressed the importance of exerting greater pressure on Switzerland, to ensure that the Confederation agrees to an automatic exchange of information, as practiced in the European Union, as a matter of urgency. Here, Germany must win allies, he maintained.

Echoing this view, Germany's Energy and Environment Minister and SPD leader Sigmar Gabriel made clear that the Social Democrats have long since called for tougher action to be taken and for tougher sanctions to be imposed in cases of tax evasion.

The SPD's renewed calls for action follow revelations that feminist activist Alice Schwarzer and Berlin's State Secretary for Culture André Schmitz (SPD) both held undeclared assets concealed in Swiss bank accounts.

TAGS: compliance | Finance | Energy | tax | tax compliance | tax avoidance | Germany | Switzerland | individual income tax | Europe | Tax | Tax Evasion

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »