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Germany

Looking For A Tax Haven? You Can Still Find One.

Anonymous offshore bank accounts are nearly as old as banking itself. While pressure in Europe may be mounting to crack down on tax evaders, there are still plenty of options -- from Asia to some familiar European havens.

In Germany, tax evaders who turn themselves in usually get to keep 70%-80% of their funds (taxbrackets.org)
In Germany, tax evaders who turn themselves in usually get to keep 70%-80% of their funds (taxbrackets.org)
Midia Nuri

BERLIN - The big wave started in 1993, set in motion by Germany's Federal Constitutional Court. Less than two years earlier, Karlsruhe's judges had ordered the German state to stop tolerating investors who were not declaring capital income in order to avoid paying tax on it. So the then coalition government introduced a 30-35% tax on interest payments, which sent undeclared German money rolling in the direction of Switzerland, Austria, Liechtenstein, Luxembourg and Monaco.

In and of itself, the phenomenon was not new. "There were always families who kept money in foreign accounts," says Peter Lüdemann, a lawyer and tax adviser.

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Geopolitics

Our 'Emotional' Divide: How The Ukraine War Reveals A World Broken In Two

Russia's invasion has created a stark global divide: them and us. On one side are the countries refusing to condemn Moscow, with the West on the other. It's a dangerous split that could have repercussions far into the future.

Protesters against the war in Ukraine demonstrate in front of the Russian embassy in London

Dominique Moïsi

-Analysis-

PARIS — "The West and the Rest of Us." That's the title of a 1975 essay written by Nigerian essayist and critic Chinweizu Ibekwe. I've been thinking about his words as the war in Ukraine both reveals and accelerates divisions of the world that I believe are ultimately "emotional" in nature.

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With war returning to Europe and the risk of escalation, there is a gap between the Western view and that of the "others," a distinct "us and them." This gap cannot be explained in strictly geographical, political, and economic terms.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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