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liechtenstein

Liechtenstein fires the gun on reduced bank secrecy

March 12, 2009

The Liechtenstein government has bowed to international pressure and accepted OECD standards on transparency and information exchange in tax matters. In a declaration, it also confirmed it will support international measures against non-compliance with tax laws.

The tiny European country, which has a total population of just over 35,000, is run by the Princely House of Liechtenstein, one of the continent's oldest noble families.

Liechtenstein sends mixed messages on tax

August 15, 2008

Hereditary Prince Alois of Liechtenstein has used his country’s National Day as the occasion on which to announce that wealthy foreigners who deposit monies in the principality's bank accounts will face relaxed transparency laws.

Hereditary Prince Alois of Liechtenstein (pictured) has used his country's National Day as the occasion on which to announce that wealthy foreigners who deposit monies in the principality's bank accounts will face relaxed transparency laws.

He said Liechtenstein's tax matters would be based on "a new foundation" that would lead to stronger cooperation in tax matters in line with "international trends".

Former UBS private banker indictment paves way for broad subpoenas

May 15, 2008

A Florida indictment of a former UBS private banker and his alleged associate in Liechtenstein paves the way for US prosecutors to subpoena the Swiss banking giant.

A Florida indictment of a former UBS private banker and his alleged associate in Liechtenstein paves the way for US prosecutors to subpoena the Swiss banking giant. Earlier this week former UBS private banker Bradley Birkenfeld and his alleged associate, Liechtenstein businessman Mario Staggl, were charged with conspiring to defraud the US by helping a US citizen conceal his ownership of offshore assets.

A taxing time for Liechtenstein

March 1, 2008

In February, the world watched as one of the biggest offshore financial centres was investigated for fraud. Simon Hildrey analyses how this investigation came to happen and what the future holds for wealthy families who want to keep their assets secret and safe

UHNWIs have Liechtenstein assets investigated

February 22, 2008

Wealthy families and other ultra high net worth individuals who have invested money into Liechtenstein’s LGT bank may find their assets closely scrutinised as the bank is investigated for fraud by the German government.

Wealthy families and other ultra high net worth individuals who have invested money into Liechtenstein's LGT bank may find their assets closely scrutinised as the bank is investigated for fraud by the German government.