Only a few days after France penned a new tax treaty with Switzerland, the nation received the names and details of as many as 3,000 suspected French tax evaders with Swiss bank accounts.

Eric Woerth, French Budget Minister said in an interview with Journal du Dimanche that the accounts of the 3,000 French with the Swiss bank contain around three billion euros.

Eric Woerth said in case tax evaders fail to declare their foreign accounts by the end of the year, the French tax authorities will take legal action against them. He discarded any official pardon for tax evaders.

Mr. Woerth further said, "We are in the process of constructing a postcrisis capitalism, and the banks are an essential link in this change."

Previously, Switzerland agreed to reveal the names and details of around 4,450 American taxpayers suspected of evading tax via accounts with the Swiss bank UBS AG.

It may be noted here that the French Government is struggling with rising budget deficit and plunging tax receipts.

(via TopNews United Kingdom. Contributed by Sunil Kumar)