Symbol of a tax paradise - Liechtenstein Castle
finances

Clampdown on Tax Evasion

The Swedish Tax Agency is demanding an equivalent of six million dollars in back taxes from citizens who have placed funds in the Principality of Liechtenstein, considered by many a tax haven. A spokesman for the Swedish agency said that there were forty cases of apparent tax evasion.

This had been discovered in cooperation with Liechtenstein authorities. Swedish finance minister Anders Borg had earlier commented on the problem, saying that tax paradises had in practice become tax parasites.

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