The family’s image has been tarnished since the 2008 financial crash, as foreign governments in need of revenue started to look harder at Liechtenstein’s role as a tax haven. A disgruntled IT worker stole a pile of computer discs with details of thousands of bank accounts, embarrassing the prince and the principality’s sober, besuited bankers, who have had to launch a public relations campaign to show how they are cleaning up their act. Its banking sector is still highly secretive, although the nation is one of the few places in Europe where bankers are still popular. The principality has gradually opened up its banking sector to scrutiny and foreign tax inspectors, under pressure from its neighbours.
Source link : https://www.telegraph.co.uk/news/worldnews/europe/liechtenstein/9366747/Prince-of-Liechtenstein-threatens-to-leave-after-vote-on-his-powers.html
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Publish date : 2012-06-30 03:00:00
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