According to the German Ministry of Finance, the Finance Ministers of the Federal States have agreed to tighten voluntary disclosure rules. The move comes as a result of pressure from the public which views the existing rules as an easy way out for tax evaders.
While the Finance Ministers have not agreed to abolish the ability to disclose voluntarily and escape jail time, they have agreed to increase the penalty payment for evaded amounts exceeding €50,000 from 5% to 10% of the tax evaded, which…