Liechtenstein criticises German tax investigations

Catherine Cossy comments on the virulent reaction of Liechtenstein authorities to Germany, accused of attacking the sovereignty of this little neighbouring state. "Only the little opposition party, Free List, says it understands that Germany should do everything it can to fight tax evasion. ... The Principality is under shock, to say the least. Prince Alois [Head of State] is talking about a campaign orchestrated from up top. ... On Tuesday [February 19th] the OECD nevertheless recalled in a press release the fact that Liechtenstein was one of the last countries in the world, along with Andorra and Monaco, not to co-operate enough with the international community in matters of tax evasion. Foundations in particular, a Liechtenstein specialty, have been on the hot seat for a long time [there is said to be 50,000 of them]."

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