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People and Politics

No Deal - The planned tax agreement with Switzerland collapses

Many Germans have large amounts of money invested in Switzerland - in some cases to avoid taxes. An agreement with Switzerland that German finance minister Wolfgang Schäuble negotiated was aimed at stopping tax evasion. But opposition parties say the agreement is too lax. Norbert Walter-Borjans, North-Rhine Westphalia's state finance minister, is an especially vehement opponent.

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