Canadians are being investigated for possible tax fraud in the European principality of Liechtenstein's ancient and secretive banking system

Canadians are being investigated for possible tax fraud in the European principality of Liechtenstein's ancient and secretive banking system, officials said Thursday.
"The Canada Revenue Agency (CRA) has started looking into about 100 Canadian taxpayers to ensure they've adequately declared their income and paid taxes on monies in Liechtenstein accounts," CRA spokeswoman Beatrice Fenelon told AFP.
Information "from several sources" sparked the probe and informants were not paid, she added.Almost a fortnight ago it emerged that a former employee of a bank in Liechtenstein had sold a disc to Germany's intelligence service allegedly containing the names of about 1,400 suspected tax dodgers from around the world.
The principality has so far defied calls to lift the lid on its banking system's trademark secrecy and assist in foreign probes into tax fraud.The United States, Britain, Australia, Italy, France, Sweden, New Zealand, Greece and Spain also said this week they are hunting for taxpayers hiding their money in the tiny Alpine state.
Liechtenstein -- dubbed an "un-cooperative tax haven" by the Organisation for Economic Cooperation and Development (OECD) -- has retaliated angrily to the attacks on the banking sector that makes up 30 percent of its economy.After announcing a criminal investigation against Heinrich Kieber, the man suspected of stealing the client list from the LGT bank, it signalled that it could bring charges against the German spies who bought it from him.