On 6 October 2011, Switzerland and the UK have signed a Tax Agreement regarding the regularisation of existing untaxed assets of UK taxpayers with UK principal address of Swiss accounts.

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

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.

The small principality of Liechtenstein will get a completely new tax law from January 1 st, 2011 on. After dealing with more or less the same tax provisions for the last 60 years this is something striking.

For founders, family offices, internationally mobile entrepreneurs, private investors and corporate groups that need a durable legal architecture for wealth, succession, control and continuity, the Liechtenstein private foundation remains one of the most sophisticated instruments in European private client and corporate structuring

The agreement and the implementation guidelines will define them thoroughly. The definition should be identical to that one in Switzerland as Liechtenstein will not be in a position to introduce an own definition on the grounds of electronic data processing performed by banks.