For the first time in Liechtenstein’s history, the introduction of national accounts has allowed for the calculation of the principality’s tax burden as a percentage of Gross National Product.
At a press conference in Vaduz earlier this month, the Head of Government Otmar Hassler explained that in the year 2000, the state’s taxation ratio was equal to around 22% of GNP, indicating that the jurisdiction benefits from a relatively low burden of taxation.
The Liechtenstein figure stacks up very favourably compared against the average tax ratios in the member states of the OECD (Organisation for Economic Cooperation and Development) and European Union, which equal around 40%.
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