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German Chancellor Angela Merkel Monday threw her weight behind a German-Swiss bilateral tax treaty that has become a controversial political issue in Germany.
"I will work for passage of the treaty," Ms. Merkel told reporters at a news conference.
Germany and Switzerland have signed a treaty that aims to make it more difficult for German citizens to evade paying income tax at home by hiding their money in secret Swiss bank accounts.
The left-leaning Social Democrats, which have a majority in the upper house of Germany's two-chamber parliament, are threatening to block ratification of the treaty. The party rejects the treaty on the grounds that it doesn't go far enough to expose tax evaders.
German Chancellor Angela Merkel Monday threw her weight behind a German-Swiss bilateral tax treaty that has become a controversial political issue in Germany.
"I will work for passage of the treaty," Ms. Merkel told reporters at a news conference.
Germany and Switzerland have signed a treaty that aims to make it more difficult for German citizens to evade paying income tax at home by hiding their money in secret Swiss bank accounts.
The left-leaning Social Democrats, which have a majority in the upper house of Germany's two-chamber parliament, are threatening to block ratification of the treaty. The party rejects the treaty on the grounds that it doesn't go far enough to expose tax evaders.
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