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Liechtenstein Prince Calls For Rapid Reforms,
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, March 25, 2009
The new Liechtenstein parliament elected in February convened on March 18
for its opening session and the swearing-in of the selected representatives.
Hereditary Prince Alois von und zu Liechtenstein gave his traditional speech for the opening of parliament. Alois spoke in favour of the continuing
efforts to improve tax information exchange cooperation and urged the government
to push ahead with reforms.
"Of crucial importance to the future of our country will be that the government
and Parliament adopt the requisite reforms for a realignment of the financial
center as quickly as possible,” Alois emphasised. Alois underlined
the importance of bringing in new laws, particularly the implementation of the
Tax Information Exchange Agreement (TIEA) with the United States, and the tax
reform which will
extensively restructure Liechtenstein's tax system.
The new tax law will allow greater cooperation in tax matters with other countries.
"We should have the ambition to make Liechtenstein
the best-organized and best-regulated state in the world. The
advantages of our small size, combined with our good starting position, are
the ideal prerequisites. If we succeed with the right kind of reforms, we will
not have to worry about the future."
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