Merz plays down tax investigation

There is no reason for Switzerland to be affected by the German tax investigation in Liechtenstein, Finance Minister Hans-Rudolf Merz said on Saturday.

This content was published on February 23, 2008

The Germans are interested in a particular kind of foundation in Liechtenstein which does not exist under Swiss law, he told Swiss radio. "I cannot imagine why there should be any problem for Switzerland."

Although some of the money held by the foundations in Liechtenstein is invested in Swiss banks, that does not mean the Swiss bank is party to tax evasion, he added.

Switzerland has a law against money laundering and an agreement with the European Union to combat fraud, he explained.

Economics Minister Doris Leuthard is due to meet government officials in Liechtenstein on Monday.

Germany launched a large-scale investigation into alleged tax evasion by some of its wealthy citizens earlier this month after its intelligence service paid for confidential banking records stolen from a wealth management group in Liechtenstein.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.