Archives > 2008-02

German Finance Minister Peer Steinbruck warned in interview that is published by Sunday's edition of Bild newspaper that Germany might "complicate the business movements" against Liechtenstein if it didn't cooperate in the fight against tax fraud. He also launched a challenge to other European tax havens practising banking secrecy : "It's not just Liechtenstein, we're also talking about Switzerland, Luxembourg or Austria," he added. Read original interview in German A country cannot base its groth on banking secrecy, tax evasion and frauds in general.

Angel Gurría, who is is secretary-general of the Organisation for Economic Co-operation and Development, published an article in the Financial Times dated 20 february 2008. He stated that " Jurisdictions characterised by strict bank secrecy and a policy or practice of non-co-operation with law enforcement in other countries prosper by attracting brass plate banks, anonymous financial...

The growing tension between Liechtenstein and Germany over tax evasion has highlighted the difficulty large countries have in keeping wealthy people from parking money in tax havens provided by...

Sen. Carl Levin is opening an investigation into whether U.S. citizens are hiding assets in banks in Liechtenstein to evade taxes after a German probe found widespread abuse. Know more from...

19/02/2008 - Disclosures concerning alleged widespread tax evasion by German citizens through Liechtenstein highlight a much broader challenge in today's globalised economy: how to respond to...