Surge in last minute tax dodge penitents

Some 200 people a day are reporting their secret foreign bank accounts to the tax offices in an effort to have their finances in order before the amnesty on illicit savings ends on January 1, the Volkskrant reports on Thursday.


At the moment, people who tell the tax office about their illegal savings abroad only have to pay back-tax. But from next year, they will also have to pay a fine to legalise their hidden reserves.
The government said at the end of November it is to step up its investigations into secret savings accounts next year and is setting up a super tax team to track down millions of euros still being held abroad.
By the beginning of this week, 5,700 people have come clean about their foreign bank accounts, involving a total €1.6bn. Of that, some 30% has gone to the treasury.

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