Liechtenstein signs a raft of deals to share information
Eleven deals help Liechtenstein build a future
Liechtenstein, the focus of much attention from tax authorities around the
world, has signed up to 11 tax information exchange agreements meetings
standards set down by the Organisation for Economic Cooperation and Development.
The UK, France, German, Netherlands and Ireland are among the countries to
sign deals.
Only specific requests on an individual basis are subject to the deals which
have faced criticism precisely because enquiries have to be so detailed in their
content.
The government is currently running a reduced penalty amnesty for UK citizens
holding bank accounts in Lichtenstein to come about undeclared income.
Liechtenstein’s Prime Minister Klaus Tschütscher is
reported
saying the agreement will create a sustainable future for the country as a
financial centre.
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