UK / Liechtenstein moves us towards Proactive Information Exchange (PIE)
August 11th, 2009
I’m not going to get over-excited, I hope, but I think the new UK / Liechtenstein Tax Information Exchange Agreement moves information exchange into a new era.
This deal is like no other Tax Information Exchange Agreement. Take this from the preamble:
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The Government of the Principality of Liechtenstein and the Government of the United Kingdom of Great Britain and Northern Ireland (together “the Contracting Parties”) desiring to:
(a) regulate the exchange of information with respect to taxes between the Contracting Parties and facilitate tax cooperation and taxpayer assistance, and