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People & Politics | Tackling Tax Evasion

428 views · Published 9 February 2009 · 4:38 · Indexed 8 November 2026

Channel: DW News · 2009 · News & Politics

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German Finance Minister and Social Democrat Peer Steinbrück is planning to clamp down on tax havens such as Liechtenstein,Monaco and Andorra,where investors can still stash their cash tax-free and make tidy profits. Steinbrück has drawn up draft legislation laying out what he plans to do,but previous efforts to tackle tax evasion have failed -- not least because the EU won't play ball,but also because at home,conservative CDU politicians often block such SPD initiatives too.

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