Liechtenstein: Tax Haven Over, Will Adopt Transparency

04/12/2009 05:12 am ET | Updated May 25, 2011
  • MATTHEW SALTMARSH New York Times

PARIS -- Liechtenstein bowed to international pressure Thursday, saying it would adopt global standards on transparency and information exchange in tax matters, turning up the heat on Switzerland and other tax havens to follow suit.

"The Liechtenstein government accepts the O.E.C.D. standards on transparency and information exchange in tax matters and supports the international measures against non-compliance with tax laws," the tiny principality said in a statement.

Read more on New York Times