Europe's dirty little secret: Where dictators, crooks and British tax dodgers hide their billions

[Demagitator]

Daily Mail, UK
29th February 2008



They come to Liechtenstein to deposit vast amounts of cash. With the strictest financial confidentiality laws anywhere on the planet, this tiny country of just 35,000 people has become the place for the wealthy to bank.

They like to do so the way they live - away from prying eyes. Along with Monaco and Andorra, Liechtenstein has built its fortune on hiding billions of pounds from the taxman by setting up anonymous private "letter box" trusts which cannot be traced back to the individual investor. For a fee, this means that tax can be avoided by the person "hiding" the money.

Built using cash from its highly-secretive banking institutions, Liechtenstein is engulfed in a scandal involving Britain, Germany and America.

To the dismay of Prince Alois and his rich clients, Liechtenstein - which, bizarrely, is also the world's largest producer of false teeth - is being targeted by tax investigators in an astonishing saga involving a disgruntled bank employee, secret computer discs, and claims that British and German intelligence agents have "stolen" the names and financial details of high-rolling investors.

http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=523288&in_page_id=1770

[roguevalley]

1. may they all rot in hell. the root of all evil is money.

[roguevalley]

2. may they all rot in hell. the root of all evil is money.

[Karenina]

3. Tell us how you really feel!

;-) :hug: