The OECD has issued a welcome press release concerning the developing problem concerning tax evasion in Liechtenstein. It says:
Disclosures concerning alleged widespread tax evasion by German citizens through Liechtenstein highlight a much broader challenge in today’s globalised economy: how to respond to countries and territories that seek to profit from tax dodging by residents of [...]
I have got reports that German Finance Ministry spokesman Torsten Albig has said of the Liechtenstein tax evasion scandal sweeping Germany:
It is all about criminality … the problem is not the possibilities presented by Liechtenstein, the problem is the criminal energies of German tax evaders.
Of course he’s right to say that German tax evaders need [...]
I dealt with the ethics of Germany securing information on tax evasion by its citizens in Liechtenstein by paying an informer yesterday. The FT has tackled the issue today in its editorial. It says:
There must be tight controls on the ability of governments to spy on their own citizens, but unco-operative tax havens deserve this [...]
The ambassador of Liechtenstein in Germany, Prinz von und zu Liechtenstein has been quoted in Der Speigel in German saying that tax evasion isn’t legal in Liechtenstein and that:
This is often overlooked in this heated debate. We also don’t invite anybody from abroad to do it.
However he added:
Tax evasion is, however, dealt with differently in [...]
I wasn’t here to blog on Friday as the full extent of the disclosures on tax fraud in Liechtenstein began to emerge. The Tax Justice Network did, however, covered the story well, and I was also in the FT on it. I will certainly be in the German press this week.
What has now emerged is [...]
