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Liechtenstein open to talks on automatic exchange of banking information

BERLIN - Liechtenstein's prime minister says the principality is prepared to discuss an automatic exchange of bank client information with the European Union. Adrian Hasler told German daily Handelsblatt in an interview published Monday that the tiny Alpine nation would consider following the lead of Austria and Luxembourg. The two countries have come under heavy pressure to help fellow members of the 27-nation EU crack down on tax evaders. Liechtenstein is not a member of the EU.

Alberta says child protection bill will continue despite privacy concerns

EDMONTON - Alberta's human services minister says it's full speed ahead with proposed legislation to help protect children despite concerns from the privacy commissioner. Dave Hancock said Thursday he still hopes to pass the bill in the current legislature sitting. "We'll have to have a respectful disagreement on some of these points," Hancock said.

Swiss open criminal investigation linked to Spain graft scandal

By Emma Farge GENEVA (Reuters) - Swiss authorities have opened a money laundering investigation into a former treasurer of Spain's ruling party suspected of depositing millions of euros from bribes in Swiss bank accounts, the Geneva prosecutor handling the case said on Monday. Luis Barcenas, accused by Spanish authorities of abusing his position to secure bribes, evading taxes and laundering money, is at the heart of a growing corruption scandal that has hurt the conservative People's Party and Prime Minister Mariano Rajoy.

Spain refuses to extradite ex-HSBC man over data theft

A Spanish court refused Wednesday to extradite a former HSBC bank employee to Switzerland where he is wanted for allegedly stealing data that exposed thousands of suspected tax dodgers. Herve Falciani, a 40-year-old French-Italian, was arrested in Barcelona in July 2012 after he arrived by boat from France. Switzerland asked for Falciani to be extradited to face charges of violating Swiss banking secrecy laws and revealing industrial secrets.

Suit against Bern for handing bank data to US rejected

A Swiss court on Tuesday rejected a lawsuit against Bern for allowing the names of 1,100 employees and former employees of British bank HSBC to be handed over to US tax authorities, the ATS news agency reported. Last April, the Swiss government gave 11 Swiss banks the go-ahead to accommodate a US tax evasion probe and hand over the names of thousands of their staff and consultants working with American clients.

Bayern Munich's Hoeness 'was on Swiss tax CD'

Embattled Bayern Munich president Uli Hoeness, at the centre of a tax evasion scandal, first came into the crosshair of authorities in the middle of last year when his name appeared on a CD listing Germans with Swiss bank accounts, a report said Sunday. German tax investigators have repeatedly launched nationwide raids in recent years against hundreds of suspected tax dodgers, based on data on Swiss bank account holders listed on computer disks the authorities purchased from unknown sources.

Swiss ready to discuss easing of bank secrecy

Switzerland is prepared to discuss the automatic exchange of banking information in the fight against tax evasion, but only once a global standard for doing so is created, the Swiss finance ministry said Tuesday. "If the automatic exchange of information becomes an international standard, Switzerland will be prepared to discuss" it, finance ministry spokeswoman Anne Cesard told AFP in an email. In Switzerland, banking secrecy has for decades been seen as an immutable practice to protect privacy, in the same way as medical confidentiality.

Merkel 'disappointed' in Bayern Munich's Hoeness

German Chancellor Angela Merkel is "disappointed" like many people in the country in the president of German football giants Bayern Munich, Uli Hoeness, her spokesman said Monday after alleged tax evasion revelations. "Many people in Germany are now disappointed in Uli Hoeness, the chancellor is also among these people," Steffen Seibert told a regular government news briefing. He recognised positive achievements by Hoeness, including on the integration of immigrants which had brought him into contact with Merkel on a project last year, Seibert said.

Embattled Hoeness remains silent on tax evasion probe

BERLIN (Reuters) - Embattled Bayern Munich boss Uli Hoeness has refused to comment on an ongoing tax evasion probe involving a Swiss bank account but plans to defend himself against what he said were "excesses in some media coverage" of the high-profile case. A day before the newly crowned Bundesliga champions take on Barcelona in the first leg of a Champions League semi-final, Hoeness told the Munich Merkur newspaper on Monday that he would let the dust settle before discussing the issue.

Swiss 'could adapt' to easing of bank secrecy

Swiss banks could adapt to a significant easing of their cherished secrecy practices, but only if global standards are created for information exchange to fight tax evasion, the head of the Swiss Bankers Association said in an interview published Sunday. "Today, there is no global standard" for the automatic exchange of banking information, Patrick Odier told the NZZ am Sonntag weekly. "If that changed, we could also adapt," he said, stressing the importance of Switzerland's participation in creating the global standards.
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