EU And Liechtenstein Make Progress On Anti-Fraud Agreement
Delegations from the European Commission and Liechtenstein have conducted a further round of negotiations on the envisaged Anti-Fraud Agreement, which sets out a framework for cooperation in the area of tax. According to Liechtenstein's government, the negotiations, which were staged
in Vaduz on 25th April, took place in a "constructive atmosphere". "We have made significant progress today on many questions," Prime
Minister Otmar Hasler confirmed after the meeting. Liechtenstein is aiming to achieve a negotiation result that entails no lesser
but also no greater obligations than those the EU States have imposed upon themselves. "By joining the European Economic Area, we have chosen the path of European
integration, because it is the best guarantor of our sovereignty," the Prime Minister went on to explain. "This integration
gives us rights and duties. The rights include being heard as a sovereign State
when we present the legitimate interests of our citizens. The duties include
seeking compromises with our European partners, so that we can continue on the
path of European cooperation for the benefit of us all." One of the goals of the Anti-Fraud Agreement, under negotiation since summer
2007, is to regulate cooperation on tax matters. The Prime Minister emphasized
that the political will to achieve an agreement exists, and he expressed optimism
that the negotiations would soon reach a successful conclusion. A comprehensive report in our Intelligence Report series examining offshore confidentiality 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
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