Germany to negotiate deal with Singapore against tax evasion

Yahoo! News UK, 6 Oct 2012
BERLIN (Reuters) - Germany will start talks with Singapore next week on a deal to prevent its citizens from evading taxes by shifting their money to the Asian state, a government source said on Saturday.
During a visit to Asia next week, German Finance Minister Wolfgang Schaeuble will fly to Singapore, the region's prominent wealth management centre, to try to negotiate an agreement with the government, the source said.
According to media reports, there are signs German tax dodgers are shifting funds to Singapore from Switzerland, which signed a tax deal with Germany earlier this year. Full story