Liechtenstein

Wednesday, 02.27.08

The End of Secrecy?

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European governments have begun a search for tax-evaders sheltering funds in Liechtenstein.

Since Germany revealed that it had bought, for $5 million, the names of 1400 tax evaders sheltering income in Liechtenstein, the hunt has been on for tax evaders on both sides of the Atlantic.  The thing has all the ingredients of a reasonably entertaining caper film.  A disgruntled ex-employee seeking to use confidential banking records as a bargaining chip against the government of Liechtenstein.  Secret databases passed from government to government.  Wealthy scofflaws scrambling for cover.
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