Wednesday, February 27, 2008

IRS pursues U.S. citizens with Liechtenstein accounts for tax avoidance

The Internal Revenue Service announced that it has begun enforcement actions against more than 100 taxpayers who are avoiding taxes through accounts in Liechtenstein.

Australia, Canada, France, Italy, New Zealand, Sweden, the United Kingdom and the U.S. are working together to investigate their citizens using accounts in Liechtenstein for tax evasion and avoidance, the IRS said.