The move will enable German tax authorities to make requests dating back to 2011 about people they suspect of moving their money from Switzerland to another country before the agreement to tackle the German tax evaders hiding money in Switzerland takes effect.
Meanwhile the Swiss parliament is due to pass a law to allow this in the coming months.
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The media reports suggest that that it would not require any change or renegotiation to the agreement which Berne had with Berlin in April 2012 to levy taxes on German assets in Swiss accounts.
Chancellor Angela Merkel’s government has said that the deal would enable Berlin to net huge sums if and when it takes effect.
Currently, Germans hold an estimated US$184.45 billion in Swiss accounts.
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By GlobalData
