Bloomberg News

Germany Acquires ‘Tax CD’ Related to Luxembourg, Ministry Says

October 14, 2011

Oct. 14 (Bloomberg) -- The German state of North Rhine- Westphalia, acting in concert with the federal government, acquired a “tax CD” related to Luxembourg, according to the German Finance Ministry.

The information contained on the compact disc has been made available to affected states for evaluation, the ministry said today in an e-mailed statement.

The CD contained data from 3,000 customers of the Luxembourg branch of HSBC Holdings Plc and the CD cost 3 million euros ($4.2 million), Financial Times Deutschland reported earlier today.

Lisa Baitup, a London-based HSBC spokeswoman, declined to comment on the FT Deutschland report when contacted by Bloomberg News by phone today.

To contact the editor responsible for this story: Nicholas Comfort at ncomfort1@bloomberg.net


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