According to a report this week in the Liechtensteiner Vaterland, the principality is prepared to cooperate with the OECD in initiatives to increase fiscal transparency.
Head of Government, Otmar Hasler announced that the jurisdiction had expressed its support of the OECD position on 'harmful tax practices' prior to the February 28 deadline, although he pointed out that provisions to ensure fiscal transparency are an essential existing component of the country's legal framework.
'Liechtenstein considers the demand for transparency as a general rule of fairness in the relations between legislator, fiscal authorities and taxpayers,' he said earlier this week, adding that: 'Content and implementation of the law should be clear and comprehensible for the taxpayers.'
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