TaxCorporate TaxLiechtenstein on charm offensive

Liechtenstein on charm offensive

Principality at heart of German probe launched marketing efforts to dispel negative ideas about its tax and legal structure.

Liechtenstein is to go on a charm offensive in neighbouring countries to
dispel notions that it is a harmful tax haven.

The government of the principality is introducing a new law relating to
‘foundations’, a kind of company structure, and is planning a marketing campaign
this Autumn in Austria, Germany and Switzerland ahead of the law’s introduction
in 2009,
tax-news.com
reported
.

The moves are part of attempts to shore up Liechtenstein’s reputation
following revelations that hundreds of wealthy Germans were alleged to have been
salting money away and evading tax through the principality.

‘The government is aware that Liechtenstein’s image abroad continues to be
tainted by false information and prejudice, despite Liechtenstein’s great
efforts in this regard,’ the government said in its announcement.

It now plans to launch an initiative to counter the accusations: ‘clichés
concerning the Liechtenstein financial centre and false impressions of
journalists will be corrected through matter-of-fact communication work,’ it
said.

Further Reading:

Read
the tax-news.com

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

3m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson