The money heads for Panama and Singapore

FT.com
16 Aug 2008
By Vanessa Houlder in London and Haig Simonian in Zurich

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.

>>>> More