 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Liechtenstein's PM Welcomes Dawn Of New Tax Era |
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, February 01, 2012
Determined to portray a new and positive image of the Principality, Liechtenstein’s
Prime Minister and Finance Minister Klaus Tschütscher has recently insisted
that the age of so-called tax havens, jurisdictions deemed to be uncooperative
in tax matters, is now over.
According to Prime Minister Tschütscher, Liechtenstein has acknowledged
the plethora of changes taking place at international level, notably as regards
the global issue of tax evasion, and has reacted accordingly by concluding appropriate
bilateral tax agreements with 25 countries.
A lack of information exchange and cooperation are no longer acceptable business
models, Tschütscher continued, noting that Liechtenstein’s European
partners could not now “point the finger at us”.
Tschütscher emphasized that the decision to change the
Principality’s image had not presented the country with a problem, arguing
that any clients electing to close their Liechtenstein accounts as a result
of policy changes would merely be confronted with the same regulations in other
financial centres. All financial locations have had to adapt their policies
to new regulations, he added.
Commenting on the issue of tax agreements, as a means by which to legalize
and to regularize undeclared bank accounts held in Liechtenstein, returning
evaded taxes to the countries concerned, Prime Minister Tschütscher revealed
that negotiations on a bilateral tax deal with Austria have been taking place
over the course of the past year to legalize existing accounts and to ensure
tax conformity in the future.
Tschütscher pointed out that the Liechtenstein-Austrian agreement could
follow the same model as the bilateral agreement concluded with the UK, offering
clients the opportunity to either legalize or to close their accounts.
Talks aimed at concluding a tax treaty with Greece are also currently ongoing, Tschütscher confirmed. Tschütscher underlined the need for all countries
to offer Greece such a deal as a means to help the debt-ridden country to recoup much-needed lost revenues.
A comprehensive report in our Intelligence Report series
tracing in detail the course of the last six years both globally and at jurisdiction
level, explaining precisely what you get - and don't get - for your money in
all of the main offshore jurisdictions, is available in the Lowtax Library at
http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report1.asp
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
