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U.K. authorities have Liechtenstein tax data

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jemima
Posts: 272
Joined: 11 Sep 2007, 10:52
Location: Cantre'r Gwaelod

U.K. authorities have Liechtenstein tax data

Post by jemima »

The tax evasion story spreads to the UK

From
http://www.marketwatch.com/news/story/u ... BD5C4A2%7D

"U.K. authorities have Liechtenstein tax data: report

By William L. Watts, MarketWatch
Last update: 6:58 a.m. EST Feb. 25, 2008

LONDON (MarketWatch) -- German high-fliers aren't the only ones quaking in their designer boots over the notion authorities may have detailed knowledge of their financial holdings in the once airtight tax haven of Liechtenstein.
U.K. tax collectors, after initially turning up their nose at an informant's offer to sell them confidential data from a Liechtenstein bank, have now paid up and have information on about 100 wealthy British subjects with money hidden away in the tiny Alpine principality, the Financial Times reported Monday.
The data are expected to result in the collection of at least 100 million pounds ($196.68 million) in unpaid taxes, the paper reported.
British authorities were said to have been offered the list as early as two years ago, the FT reported. But they were persuaded to pay the informant around 100,000 pounds only after Berlin tax officials launched in recent weeks a high-profile crackdown on Germans with money said to be stowed away in Liechtenstein, the report said.
U.S. Sen. Carl Levin, D-Mich., last week said he would investigate whether American citizens have hidden assets at the bank.
The German probe has already seen Deutsche Post CEO Klaus Zumwinkel pushed out of his job. Zumwinkel resigned earlier this month after prosecutors charged that he had evaded around one million euros ($1.482 million) in taxes.

Germany's secret service is thought to have paid 4.2 million euros in January 2006 for a list of 750 Germans with money stowed in a Liechtenstein bank. The informant is thought to be a former employee of LGT Group, Liechtenstein's largest bank, reports say.
Meanwhile, the German crackdown has strained relations between Germany and Liechtenstein, while stirring a wider debate on the role of tax havens. "
TrueBlueTerrier
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Post by TrueBlueTerrier »

ImageImage
We wait with bated breath.


Just in case anyone has not spotted it this is a joke.
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pinstripe
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Post by pinstripe »

TrueBlueTerrier wrote:ImageImage
We wait with bated breath.


Just in case anyone has not spotted it this is a joke.
Oh, you got my hopes up there TBT, still, a man can dream especially on IPS.
norbert
Posts: 3027
Joined: 15 Jan 2008, 01:46

Post by norbert »

pinstripe wrote:
TrueBlueTerrier wrote:ImageImage
We wait with bated breath.


Just in case anyone has not spotted it this is a joke.
Oh, you got my hopes up there TBT, still, a man can dream especially on IPS.
Prisons and justice today is too soft and liberal these days
Image-only joking

I have every confidence in our leaders and I'm sure they are fine upstanding , honest businessmen with RM's best interests at heart .If their Solicitors and Barristers say so , it must be true and they earn every penny of their rewards .
MURDERERS. Need to dispose of a body? Simply parcel it up and post it to yourself via DHL. You will never see it again.