From Liechtenstein to Luxembourg

After the recent tax evasion scandal concerning Liechtenstein, German Finance Minister Peer Steinbrueck said that other loopholes should be addressed. Luxembourg, Belgium and Austria included.

"Asked whether Luxembourg was considered a tax-friendly state, Steinbrueck replied: "Not in the sense of a tax haven, but you know that it is hard to get certain information from Luxembourg. That also applies to Austria."
In the second half of 2005 when the new rules came into force, Liechtenstein collected 2.55 million euros ($3.87 million) of tax on investments that come under the scope of the EU rules.This rose to 14.8 million euros for all of 2006, compared with Switzerland's collection of 101.62 million euros in first half 2005 and 341.24 million euros in 2006." (http://www.guardian.co.uk/feedarticle?id=7354323)

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