Iceland’s IRS Requests Information from Germany Skip to content

Iceland’s IRS Requests Information from Germany

Iceland’s Commissioner of the Inland Revenue Skúli Eggert Thórdarson sent a letter to German authorities yesterday requesting information about Icelanders that local tax authorities may have received from a former employee of the LGT Bank in Lichtenstein.

The German secret service bought a list with the names of 1,400 individuals who are suspected of having avoided tax payments under the veil of the LGT Bank’s protection of the customer’s right to privacy, Morgunbladid reports.

The German Ministry of Finance has announced that any nation can request free access to these files. “Icelandic tax authorities would never pay for such information,” Thórdarson said.

Thórdarson pointed out that even though some of the individuals or companies on the list in question are Icelandic, they have not necessarily avoided tax payments. However, Thórdarson said, it is more likely that they did.

“This information could be listed under several names or international company names that have been registered in a different state etc. Sifting through the data takes considerable effort,” Thórdarson said.

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article