Comments on: Hey IRS, if you want to know how to do an amnesty http://hodgen.com/hey-irs-if-you-want-to-know-how-to-do-an-amnesty/?utm_source=rss&utm_medium=rss&utm_campaign=hey-irs-if-you-want-to-know-how-to-do-an-amnesty International Tax Law Fri, 18 May 2012 08:05:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: fred http://hodgen.com/hey-irs-if-you-want-to-know-how-to-do-an-amnesty/#comment-120 fred Mon, 26 Apr 2010 03:57:28 +0000 http://www.hodgen.com/?p=2196#comment-120 Over 2000 Germans have applied for the voluntary disclosure program for reporting mainly Swiss domiciled bank accounts, after it was reported that a CD with Swiss account information has been provided to the German tax authorities. There are currently no additional penalties applied in Germany for voluntary disclosure, just back taxes and interest: "Bei einer Selbstanzeige muss der Betroffene nur die Steuern und Zinsen nachzahlen. Eine Strafe droht ihm nicht, es sei denn, sein Fall ist den Behörden schon bekannt" http://www.spiegel.de/wirtschaft/soziales/0,1518,678626,00.html As usual, in this country it is about getting a short term financial gain to fund the pensions of our elected and government officials. No place here for compassion, understanding or consideration of extenuating circumstances. Over 2000 Germans have applied for the voluntary disclosure program for reporting mainly Swiss domiciled bank accounts, after it was reported that a CD with Swiss account information has been provided to the German tax authorities.

There are currently no additional penalties applied in Germany for voluntary disclosure, just back taxes and interest:

“Bei einer Selbstanzeige muss der Betroffene nur die Steuern und Zinsen nachzahlen. Eine Strafe droht ihm nicht, es sei denn, sein Fall ist den Behörden schon bekannt”

http://www.spiegel.de/wirtschaft/soziales/0,1518,678626,00.html

As usual, in this country it is about getting a short term financial gain to fund the pensions of our elected and government officials. No place here for compassion, understanding or consideration of extenuating circumstances.

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