This week the Crown Prince’s family-owned LGT Bank (Liechtensteinische Landesbank), agreed to pay those same terrible, bribing German tax authorities a record fine of €50 million (US$67 million) for actively assisting German citizens with LGT accounts to evade taxes. In return, German prosecutors dropped a lawsuit against the bank based on charges of aiding and abetting tax evasion. The bank’s consultants were accused of intentionally advising and assisting wealthy Germans to evade taxes.
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