St. Pete Activists Blast Corporations For Exploiting Tax Loopholes

Germany Knows What To Do
German authorities launched dawn raids on the homes of over 200 suspected tax cheats Tuesday, acting on information gleaned from a CD containing the confidential account details of thousands of Swiss bank clients. The top tax officials in the southwestern state of Rhineland-Palatinate said he expected to net some 500 million euros ($654 million) from the data, which German investigators bought for 4 million euros ($5.2 million) after deeming it 'authentic and of excellent quality.' 'This amount is testament to the high criminal energy used to hide capital gains,' Carsten Kuehl, the state's finance minister, said in a statement.
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