Liechtenstein has been castigated by the German finance minister for failing
to improve its financial transparency.
Peer Steinbreuck said negotiations between Europe and Liechtenstein over an
anti-fraud agreement needed to be restarted.
‘The state of negotiations we’ve reached so far with Liechtenstein is simply
not good enough,’ said Steinbreuck according to
High earners from Germany and other jurisdictions exploit tax loopholes to
dodge tax in places like Liechtenstein and others, which creates a huge threat
during tough economic times.
Germany launched a probe into its citizens holding Liechtenstein accounts
earlier in the year, provoking fury from the Liechtenstein authorities.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges