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Berlin is seeking to prevent further tax fraud (Photo: European Commission)

Berlin seeks EU move against tax havens

The German finance ministry is set to present a list of measures aimed at forcing tax havens such as Liechtenstein, Andorra and Monaco to cooperate with the EU's tax authorities at a meeting of Europe's finance chiefs starting today (3 March).

The move comes in response to a massive tax fraud involving Liechtenstein and some 1400 individuals, including 600 German citizens who had set up funds in the tiny principality in order to avoid taxes in their home countries.

The Berlin-prop...

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Berlin is seeking to prevent further tax fraud (Photo: European Commission)

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