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Sweden Accepts Liechtenstein Information

Published tisdag 26 februari 2008 kl 13.20
Vaduz, capitol of Liechtenstein. Liechtenstein shook off the label of a money-laundering center after it hurriedly revised its banking laws seven years ago. Now the tiny Alpine principality is in trouble again, accused of being a haven for European tax evaders.

Sweden has accepted information on some one hundred wealthy Swedes believed to have tucked money away in suspected tax haven, Liechtenstein.

Sweden is one of several countries from Britain to Scandinavia reportedly taking home the fruit of a German tax scandal. Germany is freely sharing details it bought from an informant on alleged widespread tax evasion via secret Liechtenstein bank accounts.

Sweden is active within the EU and the OECD when it comes to exchanging information on tax evaders. Tax havens such as Liechtenstein cost the Swedish government some US$ 7 billion in tax revenue each year.

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