Reference
OpenAI's Answer
The 2008 Liechtenstein tax affair significantly impacted LGT because it was owned by the princely family of Liechtenstein, and the affair brought international scrutiny to the bank. The scandal involved a former employee who sold a list of names of tax-evading clients to German authorities. This not only damaged the reputation of LGT but also strained relations between Liechtenstein and other countries, affecting diplomatic and economic relations. The affair spotlighted tax evasion issues and pressured Liechtenstein to improve its financial transparency standards.
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