Posts Tagged ‘offshore banking’

When it rains it pours

Sunday, February 24th, 2008

BBC NEWS | Business | UK in Liechtenstein tax data deal

The UK’s tax authority has confirmed that it has paid an informant for data regarding British citizens who have accounts in tax haven Liechtenstein.

First Germany, now the UK. So much for Liechtenstein’s claims about client confidentiality. Laws are nothing when you have much larger, richer countries willing to pay leakers millions of dollars for secret client lists.