International Law

Germans investigate Liechtenstein prince?s tax

By Handakte

A prince of the House of Liechtenstein, one of the world’s richest royal families, is being investigated for tax evasion in Germany.

Prince Max von und zu Liechtenstein, chief executive of LGT, the principality’s largest bank, and son of the ruler, the Prince of Liechtenstein, Hans-Adam II, has been accused of withholding millions in taxes.

Based in Munich, Prince Max is the most prominent figure affected by one of the greatest tax evasion scandals of recent times after one of his former employees sold confidential bank data to the German equivalent of MI6. It prompted an investigation into more than 900 super-rich Germans suspected of withholding ?200 million (£176 million) in taxes.

Klaus Zumwinkel, the former German Post chief executive and Morgan Stanley director, received a two-year suspended prison sentence and was fined ?1 million for evading taxation after authorities found details of his financial dealings with LGT in the leaked data.

Quelle: Timesonline vom 24.02.2009

Full post as published by Handakte WebLAWg on February 23, 2009 (boomark / email).