A taxing distinction

Lilliputian Liechtenstein is on the OECD’s blacklist of «uncooperative tax havens». Much larger Switzerland and Luxembourg have escaped that unwelcome designation. But that doesn’t mean their trading partners are happy. Both turn over information in cases of tax «fraud» but refuse to do so in cases of tax «evasion». The distinction looks semantic. Evasion occurs when a taxpayer submits an incomplete tax return, according to the Swiss and Luxembourg way of thinking. It is not considered a crime ...