Liechtenstein’s Prince Alois Pledges Tax Rule Revamp

August 25th, 2009


Liechtenstein’s Crown Prince Alois said his country will push ahead with moves to bolster adherence to global tax rules at the risk of losing bank clients.

The principality of 35,000, on the Organization for Economic Cooperation and Development “gray list” of tax havens that haven’t yet implemented OECD standards, will seek to be removed from the list by signing 12 tax-information exchange agreements in the coming months, the prince said in an interview on Aug. 21.

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