French minister resigns over probe involving hiding money in Singapore's bank to avoid tax

Guardian.co.uk, 19 Mar 2013
The French minister in charge of clamping down on tax evasion resigned on Tuesday after allegations that he evaded taxes with a secret Swiss bank account.
Jérôme Cahuzac, the budget minister, who has vehemently and repeatedly denied the accusations, stood down hours after it was announced a legal investigation had been opened into the accusations.
The launching of legal proceedings for "fiscal fraud" did not name Cahuzac but centres on claims that he hid money from the French tax authorities, first in Switzerland and then in Singapore. Full story

Also read:
Singapore is new ‘Switzerland’ for investors to dodge taxes, says Malaysian lawyer - The Malaysian Insider

Related:
  1. French official forced to resign in tax probe - The Washington Post
  2. French Budget Minister Jerome Cahuzac resigns after tax fraud probe - Telegraph.co.uk
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