"Liechtenstein is not prepared"

The Liechtenstein government has set up a working group on the OECD's BEPS tax project to develop proposals to combat profit shifting by multinational corporations. BEPS (Base Erosion and Profit Shifting) aims to limit the tax optimization of international companies through global minimum standards and to link taxation rights to economic activity. This is intended to increase transparency and make tax planning more difficult. The OECD has drawn up a 15-point action plan to achieve these goals. BEPS is highly relevant for Liechtenstein, as new international tax standards affect existing legislation and double taxation agreements (DTAs). Timely adaptation is necessary in order to maintain its attractiveness as a business location. The working group will identify critical issues and develop proposals for action in order to adapt Liechtenstein's tax strategy accordingly.

Topics in the publication

• OECD and BEPS tax project
• International tax standards
• Transparency and tax coordination
• Liechtenstein's response
• Tax challenges
• Multinational groups and tax optimization
• Legal adjustments and DTA policy
• Economic impact