LGT Bank

The US, UK, Germany and other countries (Australia, Italy,  France, Sweden, Canada, New Zealand, Spain and the Czech Republic) are looking into a bank in Liechtenstein where account holders are thought to have been evading taxes. The United Kingdom’s tax authority is looking at about 300 wealthy nationals who hold accounts in Liechtenstein. The Organization for Economic Cooperation and Development (OECD) has three countries on a blacklist of countries that are uncoperative tax havens, which includes Liechtenstein. The full bbc.co.uk article can be read here.

July 22, 2008 In: Current Affairs Comments (None)