Wednesday, April 28, 2010

WRS | Exploring 'the Liechtenstein solution' to banking secrecy

Monday, 15 February, 2010
WRS Exploring 'the Lichtenstein solution' to banking secrecy
Finance Minister Hans-Rudolf Merz met with his counterparts from German-speaking countries at an informal summit in Luxembourg last night. He reportedly told leaders from Austria, Germany, Luxembourg and Lichtenstein that despite the pressure over banking secrecy, Switzerland wouldn’t accept total information exchange with foreign tax authorities. But the Sunday papers say Bern is nevertheless weighing its options to ease pressure over banking secrecy. And Switzerland could find inspiration in our tiny neighbor to the east: Lichtenstein. WRS’s Mark Butcher spoke with our reporter Jordan Davis, who’s been following the story: --> -->

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