The Council of the European Union has released a statement noting the conclusions it has adopted with respect to the anti-fraud agreement with Lichtenstein.
The key conclusions of the Council were as follows:
"The Council strongly invites the Commission to continue the negotiations with Liechtenstein, in conformity with the mandate from 2006, in order to obtain such changes in the text of the draft agreement to ensure effective administrative assistance and access to information with regard to all forms of investment, in particular foundations and trusts."
"As regards the provision of information in tax matters to the Member States, the Council expects Liechtenstein to encompass in the agreement with the European Community and its Member States at least a similar scope of obligations as Liechtenstein recently agreed with third countries."
"The Council calls on the Commission to report back on progress at one of its forthcoming meetings, at the latest in May 2009."
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