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New deal Swiss- German deal to stop tax cheats


Germany

New deal Swiss- German deal to stop tax cheats

The German cabinet has passed a revised deal to aimed at tackling tax cheats who place secret deposits in Swiss bank accounts.

The deal – from which Germany stands to reap billions of euros in revenues – must now be ratified by the parliaments of both countries.

German Chancellor, Angela Merkel, is hoping the prospect of much needed funds will convince the opposition Social Democrats, to withdraw their veto against the bill.

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