German tax authorities have reportedly recovered €1.6 billion this year from citizens who had stashed their cash in secret accounts in Liechtenstein and Switzerland.
Banks in Liechtenstein ended one of the largest tax evasion probes in Germany history by paying a record settlement of €50 million, a media report said Thursday.
Another CD packed with evidence of German tax evasion on money totalling €500 million has been spirited out of a bank in Liechtenstein and is being offered to investigators, media reported Thursday.
The small tax haven of Liechtenstein is preparing to backpedal on an agreement with Germany to crack down on tax dodgers, and now plans to give no help if investigations are based on stolen data, a report said Wednesday.
Germany is still raking in hundreds of millions of euros from tax dodgers thanks to stolen Liechtenstein bank information purchased in 2008, just as new Swiss data is scaring droves of offenders to turn themselves in.
A German tax dodger has won millions in damages in a suit against his Liechtenstein bank for failing to reveal that his information was stolen along with hundreds of other account holders and sold to Berlin for a criminal investigation.
Germany captain Michael Ballack wants a solid win on Saturday when his side tackle European minnows Liechtenstein in a World Cup qualifier following back-to-back home defeats.
Klaus Zumwinkel, the former head of German logistics giant Deutsche Post, received a suspended jail sentence of two years on Monday and was fined €1 million ($1.3 million) for tax evasion.
The ex-head of Germany's Deutsche Post admitted tax evasion on Thursday in a scandal that fuelled public anger about "fat-cat" excesses and won tiny Liechtenstein worldwide opprobrium.
German prosecutors said on Friday they had charged the former head of Deutsche Post with tax evasion as part of a huge scandal involving Liechtenstein which blew up in February.
The Prince of Liechtenstein, Hans-Adam II, has labelled Germany “the Fourth Reich” amid a dispute with Berlin over efforts to hinder tax evasion in the tiny Alpine statelet.
Germany’s Social Democrats (SPD) are considering pushing for sanctions against banks from Liechtenstein and Switzerland to make them more cooperative in the fight against tax evasion.
A bank in the tiny Alpine principality of Liechtenstein, which has been rocked since February by a major tax evasion scandal, was allegedly blackmailed into paying €9 million.
A 66-year-old real estate tycoon was handed a two-year suspended prison sentence Friday in the first case brought to justice in Germany in connection with a major Liechtenstein tax evasion scandal.
Companies already exist to dump your partner, or provide fake alibi to a spouse – now a firm has been set up to enable people to report someone to the authorities for tax evasion.
German tax investigators are planning new raids in two weeks on people suspected of dodging taxes by hiding their money in Liechtenstein, according to a report on Friday from the newspaper <I>SĂĽddeutsche Zeitung</I>.
Liechtenstein’s royal household said Tuesday it will suspend loans of art works from its collection to Germany, marking a new low in ties between the two countries embroiled in a tax scandal.
An informant who provided German authorities with data from a Liechtenstein bank that sparked a massive tax fraud probe has said his life is threatened, two news magazines are to report Monday.
Liechtenstein Prime Minister Otmar Hasler has vowed to work toward a "reasonable compromise" with European nations seeking more tax transparency, amid a fraud row that has spread from Germany to more than 10 countries.
<b>Officials from Monaco assured German Chancellor Angela Merkel on Wednesday that they would step up their efforts to combat international tax evasion.</b>
Deutsche Post, Germany’s former mail carrier monopoly, now the world’s largest logistics group, confirmed on Thursday that CEO Klaus Zumwinkel is being investigated by prosecutors and his offices have been searched. The public prosecutor’s office is investigating whether or not the high powered business man has evaded taxes by placing €10 million in Liechtenstein.
