Ethics and governance in the European Financial centers

The AFP has reported that Liechtenstein has pledged to boost cooperation with the EU in an effort to avoid future problems.

Read article

In the context of the fraud through Liechtenstein, a note to journalists was published. This note is intended to provide background information on the recent tax evasion affair in Germany that appears to involve a large number of German residents who have taken advantage of Liechtenstein’s secrecy rules and its failure to co-operate with other countries in tax matters.


Read note

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 Bloomberg

Know more from the Financial Times