Heretofore heroic Liechtenstein — one of the world’s great tax havens — has come under fire recently, as Germany has used spies in the tiny principality’s banks to find tax evaders.
The Financial Times predictably takes Germany’s side (“governments are right to insist that those who live in a country, and benefit from public services, pay tax”), but notes that Germans’ desire to flee a 50% tax rate is understandable.
Let’s hope Liechtenstein stands its ground, unlike other former tax havens that have caved under international (i.e., U.S.) pressure and compromised their banking-secrecy laws.
Germany, of course, violated Liechtenstein’s laws by paying bank insiders to share individuals’ private financial information.
One German politician is unapologetic, and deserves credit for at least stating the matter bluntly: “[That this was illegal] is irrelevant. What Germany will do is confront every tax suspect with the option of whether they want to drop their trousers and cooperate or possibly go to jail.”
At last, a politician who tells the truth. Let all Germans take heed to this (of course, they will not):
Breaking the laws of any country is irrelevant if it gets you what you want.
That is precisely what this man said, he said what he meant, and everyone everywhere should understand that this is a universal truth, not just something that applies to Germany.
Anyone who still believes that there is a rule of law anywhere is insane. Its every man for himself, and this is how those people listed on that stolen DVD have been living.
I guarantee you that the people who are going to prosecute these free livers are going to be able to bribe and work the German system so that they ‘get off’ with not even a scratch.
And wait a minute..
Did he say, “Drop their trousers?”!!
What a bunch of dirty BASTARDS.