Switzerland tax evasion amnesty brings in $44.5bn

Pedro Gonçalves
clock
Switzerland tax evasion amnesty brings in $44.5bn

The amnesty Swiss government gave tax evaders has brought in $44.5bn according to official figures reported by local media. The Swiss authorities decided to allow its citizens to reported untaxed assets since 2010 without having to worry about any type of legal repercussion. The amount of money recovered shows that the offer was welcomed by those who had been avoiding paying taxes in the country. The voluntary declarations of assets racked up  44.2bn Swiss francs ($44.5bn), according to...