The tiny principality of Liechtenstein has been in the news ever since an employee at one of the country’s banks sold customer data to German tax authorities. Now, the brother of Crown Prince Alois, Prince Max von und zu Liechtenstein is being investigated by Germany for tax evasion.
Prince Max is the chief executive of LGT Group, the bank controlled by the ruling family of Liechtenstein. Prince Max works in Germany, and the alleged tax evasion stems from a foundation that may or may not be paying Prince Max.
Prince Max pledged to pay his taxes. In a statement released by LGT Group, Prince Max said, “I have always fulfilled my tax duties in Germany to the best of my knowledge. If, contrary to my conviction, it turns out that I owe taxes to the German state, I will meet my obligations promptly.”
News Story: International Herald Tribune