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U.K., Liechtenstein Tax Accord Involves Voluntary Declaration

August 11th, 2009

Bloomberg

The U.K. and Liechtenstein agreed to a tax arrangement that allows British investors in the principality to declare their holdings voluntarily, providing a possible model for treaties seeking to combat tax havens.

U.K. investors in Liechtenstein will be encouraged to declare tax arrears between 2010 and 2015, while the principality will commit itself to tax compliance with Britain, Liechtenstein’s government said today.

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