There are some observations here. First…Most folks figure the amount of money now hidden outside of Germany…by the wealthy….totals over $40 billion. Its basically hidden to avoid any taxes…which is the trigger that starts this mess. When you examine the German tax code…its a huge mess that has been commented on for almost 20 years. No political party wants to actually fix it…..they merely want to continue adding more code and simply smiling at the camera as they talk about change.
Add in the problems of the working class in Germany….which now carry a pretty fair chunk of the state revenue process…and the pressure to hunt down the wealthy is significant.
Sitting there are various countries which have caused banks to create various methods of hiding money. So the Germans are using “legal” methods to hunt down the violators. We can be critical about having to pay for the data involved…but at the end of the day…that lousy $4 million will cause fees worth over $1 billion to be collected. Thats a fair amount of effort off such a small amount of money.
