U.S. tax-evasion investigation in Europe picks up steam

04/2/2013 | Reuters

U.S. prosecutors are stepping up a long-running investigation into undeclared funds that wealthy Americans have hidden in Liechtenstein and Switzerland. Based on an agreement in which Liechtenstein promises to help other countries pursue tax evasion, the U.S. has asked approximately 20 Liechtenstein-based firms to hand over data on financial ties that Americans have maintained in the principality.

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