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
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC