Who would have thought the small country of Lichtenstein would have created such a tax storm in Europe?

This major tax haven has come under fire from German prosecutors who launched an investigation into tax fraud and found up to 4bn Euros being squirreled away into Lichtenstein’s largest bank.

The scandal has sent shockwaves across Germany and also sparked a heated political row, with the German chancellor, Angela Merkel, accusing Liechtenstein's banks of "encouraging lawbreaking" and demanding an easing of the principality's strict banking secrecy rules so as to provide greater financial transparency.

Has Lichtenstein encouraged this evasion or are Germany’s tax laws so complex that it lends itself open to loopholes? Either way, this has had an impact on the tax industry. The number of tax advisors has increased over the last few years in Germany.

The president of the German taxpayers' association Karl-Heinz Daeke and former constitutional court judge and tax expert Paul Kirchhof have both called for Germany's Byzantine tax system to be simplified.

"The system has to be radically changed, so that is no longer so complex that people cannot understand it and the financial authorities cannot monitor it," said Daeke.

In tems of Taxation Jobs, will simplification lead to less of a need for tax advisors? Will the nature of their work change and become more about compliance than planning?

What do you all think?