Word: lgt
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...wouldn't be the first time the German government struck such a deal. Two years ago, Germany paid an informant $6.3 million to obtain stolen bank details for several hundred members of the LGT banking group who were suspected of evading taxes by putting their money in bank accounts in Liechtenstein. That deal reportedly helped the government recover $250 million in lost revenue by the end of last year. One of the suspects, Klaus Zumwinkel, the former head of Deutsche Post, was convicted of tax evasion and received a two-year suspended prison sentence and a fine of $1.4 million...
...accounts, said the Times’ anonymous source. In recent months, Swiss banking giant UBS agreed to turn over the names of thousands of its American clients to the Internal Revenue Service, as the federal government attempts to crack down on tax evasion. Caspersen held a bank account with LGT, a private bank in Liechtenstein. The government of Liechtenstein has also agreed to reveal names of wealthy American clients, an anonymous individual familiar with the investigation told the Times. It is unclear whether Caspersen’s name was mentioned in this list. According to the Times’ source...
...country's most prominent businessmen, for allegedly evading some $1 million in taxes by funneling money through foundations in Liechtenstein. The German tax cops got the goods on Zumwinkel with their own bit of skulduggery: they bought records stolen by a former employee of the Liechtenstein bank LGT Group, owned by that Alpine nation's royal family. Other tax authorities piled on, including the IRS. In February, the IRS said it was investigating more than 100 Americans with bank accounts in Liechtenstein, a 15-mile-long country sandwiched between Switzerland and Austria, where financial services account...
...German citizens are thought to have spirited away to Liechtenstein, beyond the reach of Germany's tax authorities - but not, it turns out, of its spies. Germany's Federal Intelligence Service, the BND, paid as much as $7 million to a former employee of a trust controlled by the LGT Group, a bank owned by the principality's royal family. In return, the BND received stolen computer discs containing names of people with funds in Liechtenstein. The U.S. and U.K. have made their own deals, and Germany has offered its information to other interested governments...
...Liechtensteiners to pile up that much cash. No wonder the principality has always rebuffed Berlin's demands for the names of German citizens with accounts there. Without the protection offered by its banking-secrecy provisions, Liechtenstein's financial-services boom would quickly die. Hans-Martin Uehlinger, a spokesman for LGT Group, is uttering Liechtenstein gospel when he says, "Paying taxes is the responsibility of the customer, not the bank...