Liechtenstein to sign tax disclosure deal with Britain
Vaduz, Liechtenstein - Liechtenstein and Britain will on Tuesday sign a tax agreement aimed at recovering outstanding taxes from British investors in the Alpine principality.
The Liechtenstein government said the agreement was aimed at encouraging clients of Liechtenstein's financial services with tax arrears in Britain to voluntarily provide information under special conditions between 2010 and 2015.
Liechtenstein, along with other so-called tax havens, agreed in March to adopt Organization for Economic Cooperation and Development standards in cross-border tax cooperation.
The offshore centres said they would relax banking secrecy rules in return for remaining off a blacklist compiled by Group of 20 (G20) countries.
In December last year, the principality reached a tax exchange agreement with the United States. (dpa)