Liechtenstein urged to open tax books

A powerful think-tank has joined German Chancellor Angela Merkel in demanding
Liechtenstein should lift its privacy rules, a call which has angered the tax
haven’s Crown Prince.

The Organisation for Economic Co-Operation and Development weighed into the
dispute after the principality came under the spotlight after a crackdown by
German tax authorities on 750 of its citizens allegedly holding undeclared
trusts in Liechtenstein’s banks.

Prince Alois
accused Germany of staging an ‘attack’ on his country,

Liechtenstein’s secrecy protocols were ‘a relic of a forgotten age’, said
Angel Gurria, the OECD’s secretary general.

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