Money heads for offshore havens

(Financial Times): Tax dodgers are transferring money from Liechtenstein to Panama, Singapore and other secretive offshore centres, intelligence from foreign tax authorities shows. One official said the switch had been prompted by the greater focus on evasion after the theft of client details from LGT and Liechtensteinische Landesbank. The banks themselves have said little about the extent of outflows from the principality. Go to article