The Local Germany

Taxman recovers €1.6 bln from Alpine accounts

Mon, 20 Dec 2010 08:00:00 +0100

German tax authorities have reportedly recovered €1.6 billion this year from citizens who had stashed their cash in secret accounts in Liechtenstein and Switzerland.

Liechtenstein banks end tax evasion probe with €50 million payout

Thu, 16 Dec 2010 16:16:00 +0100

Banks in Liechtenstein ended one of the largest tax evasion probes in Germany history by paying a record settlement of €50 million, a media report said Thursday.

New CD on German tax dodgers surfaces

Thu, 22 Jul 2010 11:06:00 +0200

Another CD packed with evidence of German tax evasion on money totalling €500 million has been spirited out of a bank in Liechtenstein and is being offered to investigators, media reported Thursday.

Liechtenstein digs in heels against stolen bank data

Wed, 14 Apr 2010 11:09:00 +0200

The small tax haven of Liechtenstein is preparing to backpedal on an agreement with Germany to crack down on tax dodgers, and now plans to give no help if investigations are based on stolen data, a report said Wednesday.

Taxman rakes in hundreds of millions thanks to stolen bank data

Wed, 07 Apr 2010 14:02:00 +0200

Germany is still raking in hundreds of millions of euros from tax dodgers thanks to stolen Liechtenstein bank information purchased in 2008, just as new Swiss data is scaring droves of offenders to turn themselves in.

Liechtenstein bank owes tax dodger damages, court rules

Mon, 08 Feb 2010 12:16:00 +0100

A German tax dodger has won millions in damages in a suit against his Liechtenstein bank for failing to reveal that his information was stolen along with hundreds of other account holders and sold to Berlin for a criminal investigation.

Ballack says Germany needs to dominate Liechtenstein

Fri, 27 Mar 2009 09:00:00 +0100

Germany captain Michael Ballack wants a solid win on Saturday when his side tackle European minnows Liechtenstein in a World Cup qualifier following back-to-back home defeats.

Ex Deutsche Post boss Zumwinkel avoids jail

Mon, 26 Jan 2009 16:30:00 +0100

Klaus Zumwinkel, the former head of German logistics giant Deutsche Post, received a suspended jail sentence of two years on Monday and was fined €1 million ($1.3 million) for tax evasion.

Ex-Deutsche Post boss admits to tax evasion

Thu, 22 Jan 2009 14:35:00 +0100

The ex-head of Germany's Deutsche Post admitted tax evasion on Thursday in a scandal that fuelled public anger about "fat-cat" excesses and won tiny Liechtenstein worldwide opprobrium.

Former Deutsche Post chief indicted in tax scandal

Fri, 07 Nov 2008 18:27:00 +0100

German prosecutors said on Friday they had charged the former head of Deutsche Post with tax evasion as part of a huge scandal involving Liechtenstein which blew up in February.

Liechtenstein prince calls Germany 'Fourth Reich'

Thu, 11 Sep 2008 12:18:00 +0200

The Prince of Liechtenstein, Hans-Adam II, has labelled Germany “the Fourth Reich” amid a dispute with Berlin over efforts to hinder tax evasion in the tiny Alpine statelet.

SPD mulling measures against Liechtenstein and Swiss banks

Wed, 06 Aug 2008 10:08:00 +0200

Germany’s Social Democrats (SPD) are considering pushing for sanctions against banks from Liechtenstein and Switzerland to make them more cooperative in the fight against tax evasion.

Rostock trial probing alleged blackmail of Liechtenstein bank

Sat, 02 Aug 2008 22:28:00 +0200

A bank in the tiny Alpine principality of Liechtenstein, which has been rocked since February by a major tax evasion scandal, was allegedly blackmailed into paying €9 million.

Tycoon gets suspended sentence in Liechtenstein tax trial

Fri, 18 Jul 2008 16:08:00 +0200

A 66-year-old real estate tycoon was handed a two-year suspended prison sentence Friday in the first case brought to justice in Germany in connection with a major Liechtenstein tax evasion scandal.

Tax men raid more millionaire homes

Sun, 22 Jun 2008 12:41:00 +0200

New raids have been carried out in Germany in the Liechtenstein tax evasion scandal, weekly news magazine Der Spiegel reported on Sunday.

Agency sets up to help report tax evasion in Germany

Sat, 14 Jun 2008 15:03:00 +0200

Companies already exist to dump your partner, or provide fake alibi to a spouse – now a firm has been set up to enable people to report someone to the authorities for tax evasion.

Fresh raids planned on German tax dodgers: report

Fri, 25 Apr 2008 10:46:00 +0200

German tax investigators are planning new raids in two weeks on people suspected of dodging taxes by hiding their money in Liechtenstein, according to a report on Friday from the newspaper Süddeutsche Zeitung.

Liechtenstein retracts all art loans to Germany

Wed, 12 Mar 2008 08:50:00 +0100

Liechtenstein’s royal household said Tuesday it will suspend loans of art works from its collection to Germany, marking a new low in ties between the two countries embroiled in a tax scandal.

German tax scandal informer says life in danger

Sun, 09 Mar 2008 10:55:00 +0100

An informant who provided German authorities with data from a Liechtenstein bank that sparked a massive tax fraud probe has said his life is threatened, two news magazines are to report Monday.

Liechtenstein PM seeks deal over tax row

Thu, 28 Feb 2008 18:06:00 +0100

Liechtenstein Prime Minister Otmar Hasler has vowed to work toward a "reasonable compromise" with European nations seeking more tax transparency, amid a fraud row that has spread from Germany to more than 10 countries.