Tax probes to dog Liechtenstein banks for years

(Guardian): A German-led clampdown on tax dodgers has scared savers away from Liechtenstein’s banks and it could take years to win them back, prompting the tiny state to seek to lessen its reliance on the tax haven business. The Alpine principality nestled between Austria and Switzerland has long relied on its tradition of banking secrecy to attract foreign customers wanting to hide their money from the taxman, but it has come under mounting pressure to open up. Go to Article.