TaxPersonal TaxItalians investigate 390 Liechtenstein accounts

Italians investigate 390 Liechtenstein accounts

Italian authorities use information provided by UK to probe possible tax evasion

Information on 390 Liechtenstein bank accounts, supplied by the UK, is being
used by Italian authorities to investigate possible tax evasion.

The information, which dates back to 2002, has shown that the account holders
had not made correct tax returns, the FT reports.

Authorities were quick to stress that it was still not clear whether tax
evasion had taken place as it was unclear whether account holders had benefited
from tax amnesties offered after 2002.

The largest account held €400m (£315m) and the smallest €200,000. Several
politicians, entertainers and industrialists are believed to be among the
account holders.

Further reading:

Liechtenstein effect here to stay

UK backs European tax haven offensive

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