Liechtenstein Pledges Greater Tax Openness

Earlier this spring, the tiny Principality of Liechtenstein pledged greater tax openness, under growing pressure from the member nations of the G-20. Nestled between the eastern edge of Switzerland and the westernmost tip of Austria, the tiny principality of just 35,000 inhabitants has long served as an international tax haven--much like its European neighbors Switzerland and Luxembourg. Yet Liechtenstein now pledges to follow OECD financial reporting standards, and the G-20 and the EU both h