Offshore account holders offered tax deal

Thousands of United Kingdom investors with up to £3bn stashed in secret Liechtenstein bank accounts will be asked to come forward voluntarily under a bi-lateral deal to be negotiated April 2009 between the two countries that could be the first of many worldwide.

Article also refers to separate initiatives by Monaco pledging to meet international standards on transparency in tax matters.

Liechtenstein: Portal: Economy: Financial services http://www.liechtenstein.li/en/eliechtenstein_main_sites/portal_fuerstentum_liechtenstein/fl-wuf-wirtschaft_finanzen/fl-wuf-finanzdienstleistungen.htm

OECD: Topics: Tax http://www.oecd.org/topic/0,3699,en_2649_37427_1_1_1_1_37427,00.html

ESO: Background information: Liechtenstein eases bank secrecy rules http://www.europeansources.info/record/liechtenstein-eases-bank-secrecy-rules/

Reuters, 26.3.09: Liechtenstein to enter tax talks with Britain http://uk.reuters.com/article/domesticNews/idUKTRE52P4BG20090326

Liechtenstein: Portal: Press Release, 26.3.09: Liechtenstein reports on progress in implementation of OECD standards http://www.liechtenstein.li/en/eliechtenstein_main_sites/portal_fuerstentum_liechtenstein/fl-wuf-wirtschaft_finanzen/fl-wuf-aktuell/fl-wuf-aktuell-pressemitteilungen.htm?&show=15&pmid=124355

UK: HMRC: Press Release, 12.3.09: HMRC welcomes important first steps by Liechtenstein on path to tax transparency http://whitehallpages.net/modules.php?op=modload&name=News&file=article&sid=179647

OECD: Press Release, 26.3.09: OECD welcomes Monaco pledge on exchange of information in tax matters http://www.oecd.org/document/9/0,3343,en_2649_33767_42437729_1_1_1_1,00.html

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