TaxPersonal TaxLiechtenstein urged to open tax books

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.

Crown
Prince Alois
accused Germany of staging an ‘attack’ on his country,
the
FT
reported.

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

Further reading:

Deutsche Post
CEO in tax probe

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