Liechtenstein signed an agreement with U.S. authorities on Monday in which it would, starting Jan. 1, 2010, provide information on U.S. banking clients who are being investigated for tax evasion. The problem is that American authorities need to be armed with substantial evidence on a banking client before Liechtenstein will hand over any information, and that is nearly impossible considering that most tax evaders work hard to ensure they leave no paper trail.
Continue reading: Slow-Motion Crackdowns On Tax Evasion
