Germans Hide Cash in Diapers as Swiss Secrecy Crumbles

“With Swiss banks the target of an international crackdown against tax evasion, Germans who avoided taxes by keeping money in Switzerland are bringing wads of cash home and hiding it in odd places.  The customs districts bordering Switzerland turned up 20 million euros of undeclared cash last year. In the Bavarian border town of Lindau, where officers once caught a man with 25,000 euros stuffed inside a gingerbread house, 2 million euros of undeclared bills were discovered last year. German border agents also hunt for stacks of papers that point to secret accounts. ‘To hold a binder with lots of bank statements, that’s quite a good feeling,’ said Georg Kruegers, a German customs officer.”

http://www.bloomberg.com/news/2013-09-03/germans-hide-cash-in-diapers-as-swiss-secrecy-crumbles.html

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