Liechtenstein has decided to adopt a financial centre strategy that is based on client tax compliance. The Government Declaration of 14 November 2013 signalled the country’s continued strong commitment towards its tax compliance strategy heralded by the Liechtenstein Declaration of 12 March 2009. Liechtenstein has also implemented the US Foreign Account Tax Compliance Act by passing the FATCA Law. At the same time, it is signed up to the Automatic Exchange of Information (AEOI) in tax matters and the applicable standards of the Organisation for Economic Co-operation and Development (OECD). Furthermore, the banks and the Liechtenstein Bankers Association expressly and actively support the financial centre’s tax compliance strategy.
In 2016, the Liechtenstein Bankers Association published its strategy for the Liechtenstein banking and financial centre entitled “Roadmap 2020” (http://www.bankenverband.li). The aim of the roadmap is to ensure the quality, stability and sustainability of the banking centre, to raise the profile of the financial centre through targeted public relations activities and to strengthen the reputation.