Word: germanism
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...Schmitz, though, is quite familiar with the German-speaking world's insatiable thirst for information on Harvard's, apparently satiable, sex drive. A quick web search revealed that he authored Der Speigel's 2004 special on H-Bomb (including a photo album of scantily clad "Harvards Elitestudenten...
Perhaps the feeling of family that used to be felt at the firm formerly nicknamed "Mother Merrill" is the strongest at Deutsche Bank. The German financial-services firm has hired more than a dozen Merrill Lynch bankers, including brothers David, Eric and Seth Heaton. Eric Heaton used to be the treasurer of Merrill Lynch. Many of the other bankers that Deutsche hired were in Merrill's financial-institutions group, which provided underwriting and mergers-and-acquisition advice to other banks and asset-management and insurance firms...
...wouldn't be the first time the German government struck such a deal. Two years ago, Germany paid an informant $6.3 million to obtain stolen bank details for several hundred members of the LGT banking group who were suspected of evading taxes by putting their money in bank accounts in Liechtenstein. That deal reportedly helped the government recover $250 million in lost revenue by the end of last year. One of the suspects, Klaus Zumwinkel, the former head of Deutsche Post, was convicted of tax evasion and received a two-year suspended prison sentence and a fine of $1.4 million...
...Deutschlandfunk radio on Tuesday. "Before, you had to go to the bank and get hold of the money with a weapon. Today you can do it electronically by stealing data." Swiss Finance Minister Hans-Rudolf Merz went a step further, saying his country would refuse to help the German authorities on tax issues involving the stolen data. Lehner however, says this may just be bluster on Merz's part. "Under the double taxation agreement between Germany and Switzerland, the Swiss authorities are obliged to help their German counterparts to investigate tax fraud if there is a suspicion of a criminal...
...Despite the arguments of opponents, the deal did have plenty of support in Germany. Tax evasion is a major problem in the country, costing the government about $40 billion a year, according to Lehner. German opposition parties supported buying the CD if it would help uncover the identities of suspected tax dodgers. "It's a scandal that [the authorities] pursue every parking offender but not those people who evade paying up to $300 million in taxes," Sigmar Gabriel, chairman of the Social Democratic Party, told the paper Hamburger Abendblatt. The German police union was equally adamant that moral concerns should...