As Germany steps up its plan to buy stolen Swiss bank data, a Liechtenstein court has awarded millions of euros in damages to a tax evader, who complained notification about the stolen data came too late, according to Deutsche Welle.
As Germany steps up its plan to buy stolen Swiss bank data, a Liechtenstein court has awarded millions of euros in damages to a tax evader, who complained notification about the stolen data came too late, according to Deutsche Welle.
Liechtenstein trust company LGT Treuhand must pay a former client €7.3 million (around $10 million) in damages because bankers failed to notify him about stolen data in time, the high court in the capital Vaduz said, according to the publication.
Related
The plaintiff is a property developer from Bad Homburg, Germany, who claimed that he could have declared himself to German authorities had he known, and avoided a more costly fine for tax fraud.
To read the full story, visit wealthbriefing.com
Content from our partners
