Liechtenstein Seeks Swiss-Style Tax Pact With Germany, Zeit Says

Liechtenstein Prime Minister Klaus Tschuetscher said the principality will seek a withholding tax on undeclared German assets in its banks along the lines of a recently signed German-Swiss tax agreement, Die Zeit reported.

Liechtenstein’s government is in talks with Germany’s Finance Ministry about an agreement and Tschuetscher said he prefers new rules to take effect next year at the same time as the Swiss accord, he told the newspaper in an interview. There should be no regulatory gaps between Switzerland and Liechtenstein with respect to Germany, he said.

“Liechtenstein should in no way profit from a German-Swiss regulation,” he said.

German and Swiss officials signed an accord last month that foresees a levy on German assets in Swiss accounts that preserves an element of Swiss banking secrecy.

To contact the reporter on this story: Patrick Donahue in Berlin at pdonahue1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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