Taxation in Liechtenstein

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Although it is the sixth-smallest country in the world, Liechtenstein has big dreams of attracting more tourists and other business from China.

Liechtenstein said on Thursday it would sign an international agreement on fighting tax evasion, sounding the death-knell for its long ingrained banking secrecy practices.

Liechtenstein’s oldest bank revealed on Thursday the damage to profits from a deal to pay millions of dollars to settle a dispute over its alleged role in helping clients dodge US taxes.

The Principality of Liechtenstein opened a consular office in Hong Kong last week as it seeks to boost business ties with the city and the mainland.

U.S. authorities are pressing ahead with efforts to pry information out of Liechtenstein that could come back to haunt Americans hiding money in tax havens.

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