Liechtenstein Pledges Tax Openness

| 12/03/2009

(New York Times): Liechtenstein bowed to international pressure Thursday, saying it would adopt global standards on transparency and information exchange in tax matters, turning up the heat on Switzerland and other tax havens to follow suit. “The Liechtenstein government accepts the OECD standards on transparency and information exchange in tax matters and supports the international measures against non-compliance with tax laws,” the tiny principality said in a statement. Pressure has been building on tax havens to do their part by divulging more information on potential tax evaders.

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