Vaduz, Liechtenstein - Liechtenstein has started negotiations with Germany and other countries and would begin talks with Britain next week as part of its pledge to rework tax agreements to fight tax evasion.

Klaus Tschutscher, the new prime minister of the Alpine principality, said his government would move to conclude Tax Information Exchange Agreements meeting the Organisation for Economic Co-operation and Development (OECD) standards.

He added in a statement that the government would also push for some bilaterals that would encourage voluntary disclosure of untaxed assets.

Earlier this month the tiny principality said it would make its financial sector more transparent and work to reach better tax cooperation agreements with other countries while still maintaining banking secrecy.

Liechtenstein was deemed an uncooperative tax haven by the Paris-based OECD and came under pressure to change regulations, particularly ahead of next month's international economic summit in London.

Andorra, Austria, Luxembourg and Switzerland followed suit and said they too would relax their banking secrecy rules and better comply with international standards on tax evasion probes. (dpa)