UK-Liechtenstein Bi-lateral Negotiations
The United Kingdom continues in its efforts to curb the use of worldwide tax havens. The latest announcement concerns bi-lateral negotiations with Liechtenstein focusing on transparency and exchange of information.
It is expected that the UK and Liechtenstein will reach a formal agreement in the near future. In the meantime senior representative of the Liechtenstein Government have asked for technical assistance from the UK. This assistance will help identify UK residents with bank accounts and other business interests in Liechtenstein.
Liechtenstein have committed to ensuring that their strict bank privacy laws are not used to assist UK taxpayers to evade UK taxes.