Liechtenstein urged to open tax books
Crown Prince of Liechtenstein furious at increased pressure to lift bank secrecy rules in the tax haven for the benefit of the German taxman
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.
Liechtenstein’s secrecy protocols were ‘a relic of a forgotten age’, said
Angel Gurria, the OECD’s secretary general.