Lichtenstein to tone down secrecy laws

The principality's government will sign up to the Organisation for Economic Co-operation & Development's (OECD) standards of transparency and offer bilateral tax deals on cooperation. The agreement will be the culmination of years of internationally co-ordinated work by the UK tax authorities, OECD and HMRC with the UK embassy in Berne and the Lichtenstein government. Lichtenstein has recently come under pressure to cooperate with other states' investigations into tax evasion as the G20 nations step up their attack on secret and 'uncooperative' jurisdictions. European governments have...