TaxAdministrationGermany plans to involve EU in tax evasion probe

Germany plans to involve EU in tax evasion probe

Germany plans to involve EU counterparts in its probe into Liechtenstein's bank accounts

Tax evasion linked to the Liechtenstein tax haven, the subject of a
German-led probe world wide, will be on the agenda at a meeting of EU finance
ministers on March 4.

Ulrike Abratis, a
German
Finance Ministry
spokeswoman, told
Bloomberg.com
yesterday German Finance Minister Peer Steinbrueck would make a statement. ‘You
can be certain that the subject of tax evasion will play a role,’ she said.

The Czech Republic, Spain, Italy and Finland yesterday confirmed their own
probes into possible tax avoiders with Liechtenstein bank accounts, joining
countries such as the US, Canada and Australia already involved in the worldwide
investigation. Of the 15 countries so far planning probes, 10 are EU members.

‘What really irritates is that Liechtenstein gets all the benefits of being
embedded in the European Union without showing any responsibility to play by the
rules in this urgent matter,’ Elmar Brok, a German member of the European
Parliament, said.

Further reading:

Taxman swoops on 20 wealthy Aussies

195 confess in German tax probe

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