Jason Collins McGrigors LLP looks at the Liechtenstein Disclosure Facility in more detail and identifies issues for advisers
On 11 August this year during a pitstop for lunch in Bosnia-Herzegovina as I drove down the coast of Croatia I was contacted by a colleague to be told that HMRC had finally announced the agreement it had hatched with Liechtenstein in relation to untaxed assets held in the Principality. I was told that the deal included waiving nearly 10 years of unpaid tax — an official pardon if you like.
I was also told that reading the finer print it was open not just to pre-existing customers of Liechtenstein banks and fiduciaries companies but also (in certain circumstances) to taxpayers who opened investments in Liechtenstein after the...
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Jason Collins McGrigors LLP looks at the Liechtenstein Disclosure Facility in more detail and identifies issues for advisers
On 11 August this year during a pitstop for lunch in Bosnia-Herzegovina as I drove down the coast of Croatia I was contacted by a colleague to be told that HMRC had finally announced the agreement it had hatched with Liechtenstein in relation to untaxed assets held in the Principality. I was told that the deal included waiving nearly 10 years of unpaid tax — an official pardon if you like.
I was also told that reading the finer print it was open not just to pre-existing customers of Liechtenstein banks and fiduciaries companies but also (in certain circumstances) to taxpayers who opened investments in Liechtenstein after the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
