The Liechtenstein government has bowed to international pressure and accepted OECD standards on transparency and information exchange in tax matters. In a declaration, it also confirmed it will support international measures against non-compliance with tax laws.
Banking giant UBS has done a deal with the US Department of Justice whereby it will escape prosecution in exchange for handing over the details of an undisclosed number of its wealthy American clients who it believes have committed tax fraud.
Ogier, a provider of offshore legal and fiduciary services, is launching a new personalised wealth planning service to ultra high net worth individuals and family businesses.
With the global economy in a pronounced downswing, the seemingly never-ending rise in real estate values across the world has, in many economies, come to a juddering halt and gone into reverse.
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