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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Germany to pay $3.5m for Swiss data on tax dodgers AFP - Wednesday, February 3 Send IM Story Print German Finance Minister Wolfgang Schaeuble addresses a press conference after unveiling the federal budget for 2010 in Berlin on December 16. Germany said it would pay for data on some 1,500 suspected tax-dodgers with funds stashed in Swiss accounts, waving aside concerns that the allegedly stolen material would not stand up in court. BERLIN (AFP) - – Germany said Tuesday it would pay for data on some 1,500 suspected tax-dodgers with funds stashed in Swiss accounts, waving aside concerns that the allegedly stolen material would not stand up in court. Finance Minister Wolfgang Schaeuble gave a green light "in principle" to stumping up a reported 2.5 million euros (3.5 million dollars) to an anonymous whistle-blower for a disc that could net the taxman around 100 million euros. In a pre-released interview with the Augsburger Allgemeine regional daily, Schaeuble said: "There was no other decision we could have taken" after a 2008 legal precedent whereby Germany paid for tax data from Liechtenstein. He added that the government felt it was on solid legal ground as no court had yet questioned the validity of the Liechtenstein data. However, the Financial Times Deutschland reported that Germany's constitutional court was already examining whether these data -- which resulted in the taxman clawing back some 180 million euros -- were admissible. Analysts too said judges could throw out information obtained in this manner. Tobias Singelnstein, a professor of law at Berlin's Free University, told AFP: "It is a bit absurd to prosecute a breach of the law by ourselves breaking the law." The affair, which was splashed on the front page of most German newspapers, has also raised the moral question over paying for "stolen" information and has soured Germany's relations with its Alpine neighbour. Defence Minister Karl-Theodor zu Guttenberg, a close ally of Chancellor Angela Merkel, said he would have a problem with using data that was obtained by legally questionable methods. One prominent legal expert quoted in the Financial Times Deutschland also warned that the government's purchase of this data could prompt copycat thefts. "To buy stolen data for a second time is a clear incitement. The state is creating a climate in which every Tom, Dick and Harry will feel the urge to steal data from his employer," Erich Samson was quoted as saying. The public and the press were also divided by the saga. A poll by Stern magazine released on Tuesday showed a narrow majority of Germans -- 57 percent -- in favour of buying the names, with 43 percent opposed. The Frankfurter Allgemeine Zeitung daily described the disc as "forbidden fruit" and said the government "should not deal with data thieves." On the other side of the fence was mass circulation daily Bild, which wrote in an editorial: "It is right and sensible that the chancellor spoke out so quickly in favour of buying the information." "The federal government's message is crystal-clear: if you evade tax, your number is up." What was also crystal clear is that Berlin was facing an increasingly vitriolic diplomatic showdown with Switzerland, which views the saga as another attack on its cherished tradition of banking secrecy. A spokesman for the Swiss Banking Federation, Thomas Sutter, called into question the ratification of a tax treaty between the two countries. "The German side cannot support a criminal act and then enter into negotiations with Switzerland," Sutter told the Frankfurter Rundschau. Pirmin Bischof, a Swiss lawmaker, said: "The relations between Germany and Switzerland will clearly not be helped if Germany buys these data." "This is a new form of bank robbery. Before, you had to go into the bank and extract the money using a gun. Today, you can do it electronically by stealing data," he told German radio. Recommend Send IM Story Print News Search Top Stories Ford US auto sales jump 24 percent in January Lancet formally retracts 1998 paper linking vaccine and autism Germany to pay $3.5m for Swiss data on tax dodgers Obama to highlight jobs, small business lending French court asks did Continental cause Concorde crash More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Healthy adults need less sleep as they age: study French court asks did Continental cause Concorde crash ExxonMobil profit at 6 billion dollars in fourth quarter Sony Pictures Entertainment cuts 450 jobs Toyota prepares to roll out pedal repairs More Most Viewed » Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! 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