Navigation

Spanish coffers boosted by declared assets

Spain has collected €260 million (SFr355 million) in taxes owed from assets kept by Spanish citizens in secret Swiss bank accounts.

This content was published on October 26, 2010 - 19:46
swissinfo.ch and agencies

Customers from a Swiss branch of the bank HSBC came forward to declare money in the accounts after client data from the bank was stolen and the details passed onto investigators.

The stolen data contained the names of 659 Spanish citizens who maintained a total of 3,000 Swiss accounts.

Around 300 of the people involved put their accounts in order with the Spanish tax authorities by a June deadline, the budgetary secretary of state, Carlos Ocana, told the Spanish parliament’s economic commission.

The remainder have been given a warning by the government. Around 100 people have not responded to notices from the government.

Data from the Geneva branch of HSBC was stolen by a former IT employee three years ago and sold to France. France has offered the HSBC data to several other European countries.

HSBC admitted in March that the theft affected around 15,000 Swiss client accounts.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.