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Swiss banks can transfer information on accounts and custody accounts of German customers to the German tax authorities, Germany’s Supreme Court for Taxes and Customs said in a judgement published on Thursday. Such a transfer does not violate any fundamental rights and is justified to combat tax evasion, the court said. The case was brought by taxpayers who felt that their right to informational self-determination was violated by the transfer of account balances in a Swiss bank account. Both a lower court in Cologne and the Supreme Court rejected this. The automatic exchange of information on …

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