Liechtenstein has agreed two more tax information exchange accords (TIEA), with Belgium and Antigua and Barbuda. The agreements comply with Organization of Economic Cooperation and Development (OECD) standards for cooperation between states on tax matters.
The contracts were based on the OECD Model Convention and from tax year 2010, allow information exchange on request. It was also agreed that the parties would continue talks on closer cooperation, including for the avoidance of double taxation.
Discussions and negotiations are still in progress on similar agreements with Italy, the Netherlands, Australia, the Nordic countries (Norway, Sweden, Finland, Iceland, Faroe Islands and Greenland) and other partners.
"Our goal is to ensure legal certainty for customers and intermediaries, and thus create a sound environment for Liechtenstein as a financial center," explained the Principality's Prime Minister, Klaus Tschütscher.
The United States, France, Germany, the United Kingdom, Ireland and Luxembourg have already concluded agreements with Liechtenstein, and a multilateral European Union (EU) Anti-Fraud Agreement has also been agreed in principle. Liechtenstein expects a speedy approval of this EU agreement.
A comprehensive report in our Intelligence Report series, examining in depth the situation of offshore transparency and secrecy in a number of the most prominent 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_report2.asp
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