TravelTill

Economy of Liechtenstein


JuteVilla
he tax ranges between 0.5% and 0.75% for spouses and children and 18% to 27% for non-related recipients. The estate tax is progressive.

The 2008 Liechtenstein tax affair is a series of tax investigations in numerous countries whose governments suspect that some of their citizens may have evaded tax obligations by using banks and trusts in Liechtenstein; the affair broke open with the biggest complex of investigations ever initiated for tax evasion in the Federal Republic of Germany. It was also seen as an attempt to put pressure on Liechtenstein, then one of the remaining uncooperative tax havens—along with Andorra and Monaco—as identified by the Paris-based Organisation for Economic Co-operation and Development in 2007. On 27 May 2009 the OECD removed Liechtenstein from the blacklist of uncooperative countries.

In August 2009, the British Government Department, HM Revenue & Customs, agreed with the Alpine tax haven to start exchanging information. It is believed that up to 5,000 British investors have roughly £3 billion stashed in accounts and trusts in the country
JuteVilla