LIECHTENSTEIN CLOSE TO SEALING DEAL WITH EU ON TAX EVASION COOPERATION
July 1st, 2008
BY KEITH NUTHALL
THE ALPINE principality of Liechtenstein has said it is close to sealing an agreement with the European Union (EU) on the exchange of information regarding tax offences. A deal would be welcomed in many EU capitals, as the tiny country is regarded as an offshore jurisdiction where the rich hide their money. Britain's HM Revenue & Customs recently paid for illicitly recovered data on bank accounts held by British citizens in Liechtenstein, saying it wanted to recover at least GBPounds 100 million unpaid taxes. As a member of the EU-linked ...
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