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Last Updated: Sunday, 24 February 2008, 18:13 GMT
UK in Liechtenstein tax data deal
British pounds
The UK says it is trying to protect the UK exchequer
The UK's tax authority has confirmed that it has paid an informant for data regarding British citizens who have accounts in tax haven Liechtenstein.

HM Revenue and Customs (HMRC) confirmed the move after a Sunday Times report, but would not say how much it had paid the informant.

HMRC said it was seeking "to protect the UK exchequer from those who seek to hide behind secrecy laws".

Separately Germany is involved in its own probe over Liechtenstein accounts.

The Sunday Times newspaper claimed the amount paid to the informant was 100,000 - but that figure was not confirmed.

HMRC said it had made the move in a bid to protect the UK against those trying to "deprive the UK of tax revenues to which it is entitled".

Meanwhile, Germany has launched a probe into tax evasion using data also from an anonymous informant, who was reportedly paid 5m euros (3.7m; $7.4m).

In response, the country's head - Prince Alois von und zu Liechtenstein - has argued that Germany's move is illegal.

Liechtenstein is now conducting its own investigation on the subject.

The Organisation for Economic Cooperation and Development lists Liechtenstein as one of only three states remaining on its blacklist of "uncooperative tax havens".

SEE ALSO
Deutsche Post boss in tax probe
14 Feb 08 |  Business
Germany hunts tax haven cheats
18 Feb 08 |  Business
Country profile: Liechtenstein
30 Nov 07 |  Country profiles

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