Tax-evasion probe sees nationwide raids in Spain
More than 60 people suspected of tax fraud of EUR 200 million in a Liechtenstein bank are being investigated.16 July 2008
MADRID - An investigation spearheaded by Civil Guard and Spanish Tax Agency (AEAT) authorities could lead to a number of arrests of Spaniards suspected of not declaring close to EUR 200 million deposited in a bank in Liechtenstein.
So far, raids have been carried out in the provinces of Málaga, Barcelona, Madrid and Zaragoza. A source close to the case said that among those implicated is "a wealthy Catalan" as well as high-profile businessmen. More than 60 suspects are being investigated by authorities, according to the source.
The tax-evasion case dates back to April, when German authorities obtained a list from a Liechtenstein bank exposing thousands of individuals from European countries such as Spain suspected of tax fraud. The list was obtained from a former employee of Liechtenstein bank LGT Group.
[El Pais / Expatica]
If you would like to comment on this topic, you can do so below or in our discussion forums at http://forum.expatica.com/Spain-f208.html. (Forums require a personal profile. Sign up here.)