US-Liechtenstein tax deal

(Bloomberg): The United States and Liechtenstein plan to sign an agreement to share information on banking clients that will erode the principality’s allure to rich Americans trying to hide assets behind impenetrable bank-secrecy laws. The accord culminates two years of negotiations, and follows a U.S. Senate committee probe this year of tax avoidance by clients of Swiss and Liechtenstein banks, including LGT Group, which is controlled by the principality’s ruling family.  Go to article.