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Another Take on Liechtenstein Deal
August 12th, 2009
Richard Murphy has noted Christian Aid's response to the Liechtenstein-UK tay deal that was signed yesterday, and it is quite interesting:

The UK government’s new tax deal with Liechtenstein amounts to a welcome admission that much-hyped tax information exchange agreements (TIEAs) do not work, Christian Aid says today.

‘The fact that the UK has signed two agreements today – a TIEA and a second one, ensuring that uncooperative UK taxpayers have their Liechtenstein accounts shut down - is a clear sign that TIEAs are almost impossible to use,’ says Christian Aid...

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FACTBOX-Status of bank secrecy protection in Europe
August 11th, 2009
Reuters - Liechtenstein and Britain said on Tuesday they had signed an agreement to encourage British clients of banks in the Alpine principality to voluntarily disclose untaxed money. Here are some details about European countries who have been maintaining strict laws protecting banking privacy.
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