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Confidentiality of Banking in Germany

 
Marcel Becker 3 Temple Gardens deals with the question of confidentiality of banking in German law which provides an effective protection against the tax authority's inquiries
 
This article deals with the question whether there is a principle of confidentiality of banking in German law which provides an effective protection against the tax authority's inquiries.
 
The further questions follow: how did such a principle affect the taxation of interest in the past and how does it affect the taxation of interest today in Germany? In other words is Abgabenordnung (AO) s 30a — as often contended — a similar obstacle to the assessment of capital income as are the provisions dealing with this matter under for example Swiss law.

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