Second Joint Declaration Signed Between Liechtenstein and HMRC

On September 29^th in Liechtenstein respectively on October 11^th in London the long-expected Second Joint Declaration Concerning the Memorandum of Understanding Relating to Taxes between Liechtenstein and HMRC has been signed. This declaration builds on the success of the MOU and the First Joint Declaration signed on August 11 2009 and further clarifies matters that have been agreed by the parties.

And this is, how it all began: Liechtenstein, who has followed the policy of a strict professional secrecy over the last 90 years or more and never ever gave information away in the sector of tax matters has made a declaration on 12 March 2009 that from this date on Liechtenstein will cooperate in tax matters according to the OECD and international standards and help prosecuting people who do not pay or declare their taxes in other states correctly, the so called "Liechtenstein Declaration". Since that time and up to now 12 Tax information exchange agreements (TIEA) and