Offshore News: August 2009

14.08.2009 The government of Liechtenstein has agreed to sign tax treaty with UK. In accordance with this agreement, from September 1, 2009 to March 31, 2015 the UK citizens will declare their assets in Liechtenstein and will receive favorable treatment in paying the taxes they owe.
According to UK's tax services, there are up to 5 000 British investors with an estimated GBP 2-3 billion in secret Liechtenstein accounts. The tax agreement between Liechtenstein and the UK will help to uncover untaxed fortunes hidden away in Liechtenstein by Britain's taxpayers.