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tax evasion

Lichtenstein Tax Evasion Hits Sweden

Published tisdag 23 december 2008 kl 12.58

The Swedish authorities are chasing almost 20 million US dolars of untaxed money that’s been hidden in Lichtenstein.

Now twelve Swedes are being investigated for putting money into a Lichtenstein-based foundation in order to avoid Sweden’s wealth and inheritance taxes.

It is thought that the unpaid tax money is about 2.4 million US dollars.

The Swedish tax dodgers have been caught up in what has been called the biggest post-war tax scandal, when a former employee of Lichtenstein bank LGT released documents on its customers tax evasion to the German police.

Now the Swedish tax authorities are chasing up leads handed to them by their German colleagues.

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