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Blogs about Liechtenstein

www.lastfm.de/music/Liechtenstein/+journal

Schau Videos und höre kostenlos Liechtenstein an: All at Once, Ambitions und mehr, zudem 18 Bilder. Indie pop, Twee und Swedish. Leuten …

liechtensteinblogs.blogspot.com/2010/04/liechtenstein-blogs.html

Liechtenstein Blogs. Thursday, April 8, 2010. Liechtenstein Blogs. Liechtenstein Blogs. Posted by Online Blog at 12:56 AM …

www.blogcatalog.com/country/liechtenstein

BMS LI Blog. By – http://bmsforever.blogspot.com Die tägliche Dosis Wahnsinn aus der Berufsmittelschule Liechtenstein. A Room Of My Own. BlogValue …

www.whataboutu.com/blogs_Liechtenstein~8936.html

News – Following the Brinks money trail. Two days after Robinson and McAvoy were jailed at the Old Bailey Garth Chappell withdrew 348,000 from Scadlynn’s …

www.adventurouskate.com

Not a lot of Liechtenstein coverage on the travel blogs — but considering how many bloggers have asked me for contacts, I’m sure we’ll be …

There has been quite a bit of discussion today and yesterday about news that Liechtenstein has decided to strike a “Rubik” styled tax deal with Germany – and, shock horror! that it would go for an automatic information exchange option. As the FT Deutschland put it yesterday:

“Liechtenstein wants to shed its image as a tax haven. The Principality plans to exchange information with Germany, under a modeled based on the [German-Swiss “Rubik” tax deal.] However, this would happen automatically – then the customer has no way to protect his identity.”

(A decent English-language appraisal of the underlying Tages Anzeiger story is here.)

Automatic information exchange? No hiding place? Is Liechtenstein coming in from the cold?

No, no, and thrice no. Don’t be deceived. This is a trick.

Here is the killer fact that everyone must know. Everything that Liechtenstein does in this arena – and that means absolutely everything, the whole kitchen sink (OK, except for a few tiny oddities) – will be decisively outside the scope of any kind of Rubik deal. Liechtenstein is even worse than Switzerland in this respect.

There will be no information exchange, and no tax raised.

How so? Well, we know this for three big reasons.

First, Liechtenstein is a participating member in the EU Savings Tax Directive, and if it were really serious about automatic information exchange, it would simply flip its option under the Directive from ‘withholding tax’ to ‘automatic information exchange.’ But no, it has chosen to negotiate for a hugely complex (and, as we have demonstrated, utterly useless) bilateral deal with Germany. Why? Read on.

Second, look at the numbers. Despite having perhaps 100,000 entities and arrangements such as foundations, anstalt, stiftung holding perhaps €500 billion (which includes such monsters as the IKEA empire), and CHF 170 billion (or €140bn) in client assets managed by Liechtenstein banks, a good chunk of them German, Liechtenstein produced the grand total of €7.8m in revenue under the EU Savings Tax Directive.

Yes, just 7.8 million.

Assume perhaps a 3.5% interest rate and the EUSTD’s 20% tax rate and you can work out from that 7.8m figure that the EUSTD captures just over €1 billion in assets – less than one hundredth of the value of what Liechtenstein banks manage! Everything else escapes.

Third, the reason why the EU STD captures so little is because Liechtenstein specialises in those ‘ownerless’ structures such as foundations and the anstalt (the Alpine equivalent of the more Anglo-Saxon discretionary trust) which escape the current version of the EU Savings Tax Directive, because the beneficiary cannot be identified. (section 3.1 here explains how)

Now the EU STD is being tightened up to include those structures – but Rubik deliberately excludes them. Here’s the relevant section:

“An individual resident is not considered to be a relevant person with regard to assets of associations of persons, asset structures, trusts or foundations, if it is not possible to ascertain the beneficial ownership of such assets, e.g. due to the discretionary nature of the arrangement.”

As we’ve remarked before, that is a flag planted squarely in the Rubik deal saying ‘evade me here.’ These are bread and butter tax evasion and financial crime vehicles, and every last man jack of these structures is decisively outside Rubik’s scope. Rubik will not touch them.

Germany will get no information, and no tax, from this deal. Nada. Rien. Nichts. What information does flow will already be provided by the European Savings Tax Directive.

As we have repeatedly pointed out, the main purpose of the Swiss Rubik deals is political: to kill European progress on transparency in order to protect Switzerland’s secrecy industry. Why, the Swiss Bankers’ Association even admitted recently that this was the main purpose.

A Liechtenstein-Germany deal isn’t signed yet. They are only mulling it. We believe that the German-Swiss deal is going down, and so is this one.

We’re just saying: don’t be fooled by this announcement. It is a trick, to try and bolster crumbling support for Switzerland’s secrecy project.

Welcome to my on going effort to promote the music of female vocalists and female fronted bands. I hope you find this research tool useful to you in growing a greater appreciation of these wonderful women singers and musicians. Some of these artists are well known while others are working hard to be discovered. On this page you will find artists, who have just recently been added to the list.

I would like to give a special thanks to my friend Ken aka Pretty-Life, who has brought to my attention so many of the fantastic female artists found in this journal. Thanks, Ken!

Please know that I do not own or hold the copyrights on any of the below songs. They are all the property of their respective artists, songwriters and/or recording companies.

Today started off with a drive to the country of Liechtenstein. At approximately only 20 kilometers in length, it’s not too much ground to cover! We started off with a visit to the castle in Vaduz, where the royal family lives, followed up by a visit to an old Catholic church.

After a very nutritious lunch at McDonalds (where Donna had a salsa bacon chicken sandwich, who knew?), we walked around a shopping district for a little while, got our Liechtenstein magnet, and headed back for Switzerland. Next stop, Appenzel.

The scenery on the drive was amazing, like nothing we’ve ever seen. Appenzel is the Swiss equivalent of the American Ozarks, and although we didn’t see any hillbillies, the mix of houses and other buildings was unique.

Were planning to take in a few more sights, but our GPS took us on the scenic route and it was dark before we knew it. Managed to hit a grocery store that was still open in Zurich before cooking ourselves a Christmas Eve feast of chicken fajitas.

In the evening, we decided to go to a Christmas Eve service at Grossmünster, a church/cathedral in Zurich that dates back to

Donna at Vaduz castleDonna at Vaduz castle

Donna at Vaduz castle

1090 (finished in the 14th century). Although we didn’t understand too much, it was lovely to listen to the choir singing Latin and the full orchestra playing Christmas music. It was a packed house! They even had a Christmas tree at the front that they lit with real candles prior to the service. All in all, beautiful!

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