Approximately 120 participants from about 50 countries met in various working groups in the Vaduzer Saal to discuss the implementation and further development of cooperation among FIUs and how to make the fight against money laundering and terrorist financing even more targeted.

In the realm of corporate structures, the concept of a Protected Cell Company (PCC) holds a unique position. Not a distinct legal form in itself, a PCC is a configuration that can be adopted...

Liechtenstein has come to an agreement with the European Union on the EU Savings Tax and will therefore retain the same withholding tax as Switzerland.

Liechtenstein's National Day also serves the purpose of reflection on the present and consideration of the future. Not unexpectedly, the tax affair in Germany and its consequences for the Liechtenstein financial center were one of the focuses this year. Hereditary Prince Alois of Liechtenstein announced the willingness of the country to cooperate in tax matters.

The treaty between the Principality of Liechtenstein and the Federal Republic of Germany for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and fortune (DTT), including the minutes, was signed in Berlin on 17 November 2011.

According to German tax authorities, taxes have been evaded in Liechtenstein using foundations. Amplified by media reports, this gives the impression that Liechtenstein foundations are used only for tax evasion by German citizens.

Liechtenstein is introducing itself for the first time at the Internationale Tourismus-Borse (ITB) Berlin as an attractive vacation country.

"The LDF (Liechtenstein Disclosure Facility) is based on the MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERNMENT OF THE PRINCIPALITY OF LIECHTENSTEIN ("Government of Liechtenstein") AND HER MAJESTY’S REVENUE AND CUSTOMS ("HMRC") of the United Kingdom of Great Britain and Northern Ireland RELATING TO COOPERATION IN TAX MATTERS (in the following "MOU")."

With the "Futuro" project, Liechtenstein has elaborated a vision for the financial center of the future. Accompanying the project on the future of the financial center is a comprehensive tax reform, which aims to adapt the current tax system to the changed economic and legal framework conditions in Liechtenstein and abroad.

With the current tax affair in Germany, Liechtenstein is again coming under pressure by large states to modify its financial system.

Rigorous Bank Secrecy Laws In Liechtenstein

The Government of the Principality of Liechtenstein (Liechtenstein) and the Government of the United Kingdom of Great Britain and Northern Ireland (UK) have signed an Agreement on Tax Information Exchange (TIEA) on 11 August 2009.

A discussion on Liechtenstein's responsibilities to address both the tax claims of other jurisdictions and the trust of its clients.

The Liechtenstein government has released a good information sheet on the most important changes between the existing and the new foundation law becoming effective as at 1 April 2009.

On 19 February 2008 the Report and Application by the Government concerning the total revision of the law on foundations was approved by the Government and adopted by the Parliament of the Principality of Liechtenstein.

On 7 February 2012, Liechtenstein and the UK initialled a Double Taxation Agreement (DTA) in Vaduz and also extended operation of the sole disclosure programme currently in place, the Liechtenstein Disclosure Facility (LDF), by a further year up to 2016.

Contrary to Switzerland where the Swiss Financial Market Authority (FMA) transferred client data on the basis of “fishing expeditions” (John Doe-summons - UBS case), Liechtenstein has never done this without court order, and only on the basis of sufficient case-by-case specification.