In Europe, widening probe targets tax haven
Nearly two decades after taking the helm of Deutsche Post, Klaus Zumwinkel had transformed Germany’s national postal service into a global mail and logistics giant with annual revenues of €66 billion ($102 billion) – more than double those of FedEx. A director on the boards of Morgan Stanley, Deutsche Telekom, and Lufthansa, he was one […]
Italians gripped by leaks naming Liechtenstein account holders
Italians are calling it the “trickle-down effect” as names of holders of Liechtenstein bank accounts are leaked to the press, including politicians, entertainers, industrialists and even a dog called Gunther.
Denials and clarifications are hitting the headlines as the leaks keep pouring out, with the Italian media not in the least shy about releasing names before […]
European tax scandal is widening
The list of countries involved in the European tax scandal is growing.
Austria is being asked by the EU commissioner to end banking secrecy (read article here) and ATO (the Australia Taxation Office) is investigating tax evasion and avoidance by Australian residents via legal structures in Liechtenstein (read article here).
Secrets Out
The tax haven scandal currently involving more than 1,000 Europeans, Germany’s foreign intelligence service, the BND, and billions of dollars in foregone tax revenue should be of more than passing interest to the governments of Hong Kong, Macau and Singapore.
Just last week, Germany’s finance minister, invariably described as the no- nonsense Peer Steinbrueck, stated at […]
World’s Tax Havens Targeted In Cloak-and-briefcase Offensive
LONDON (Dow Jones) — It’s a cloak-and-briefcase offensive sure to become legend in the annals of tax enforcement.
Agents from Germany’s spy agency buy stolen information from a former insider at Liechtenstein’s biggest private bank. Prosecutors then swoop in on suspected German tax evaders. Tax collectors in Britain and other nations are poised to follow […]
Tax Haven Crackdown
Germany, Britain and America are all in hot pursuit of citizens hiding their money from the taxman, reports Dominic O’Connell.
SERIOUS, dark-suited and bespectacled, Prince Max of Liechtenstein looks more like a banker than the second-youngest son of one of Europe’s royal families. That’s because he is one. As well as being the younger brother of […]
European Tax Scandal Reaches U.S.
Dozens of Germans have confessed to massive tax fraud via Lichtenstein as the affair widens to other countries, including the United States.
Besides Washington, the governments of Australia, Britain and France have announced they are checking whether their citizens were involved in the tax scandal, which got under way when Germany last week arrested Deutsche Post […]
Inflated art appraisals cost U.S. government untold millions
An alleged tax-fraud scheme involving donations of overvalued art to four local museums is part of a larger, unchecked problem with inflated art appraisals that has cost the federal government untold millions, a Times analysis has found.
Each year, the Internal Revenue Service audits donations claimed on only a handful of the 100,000 or more tax […]
