Liechtenstein News
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European Union finance ministers agreed on how to negotiate tax treaties with five nations including Switzerland and Liechtenstein without finishing updates to the bloc’s savings tax accord.
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European Union finance ministers may agree on how to negotiate tax treaties with Switzerland and Liechtenstein without finishing updates to the bloc’s savings tax accord, Luxembourg Finance Minister Luc Frieden said.
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When Oklahoma energy billionaire George Kaiser opened the Northeast Gateway liquid natural gas terminal in 2008, the floating depot’s first delivery was shipped on the Excellence, a 909-foot supertanker that holds 138,000 cubic meters of LNG -- enough gas to meet more than 4 percent of daily U.S. demand.
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Austria is pushing the European Union to take a tougher stance toward offshore financial centers in a long-delayed tax agreement in an effort to overcome political deadlock when EU finance ministers meet next week.
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Angola, Africa’s second-biggest oil producer, plans to simplify taxation and more than double revenue from sources other than petroleum to curb the government’s reliance on crude.
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Liechtenstein, a principality once fabled for its banking secrecy laws, is losing its perch as one of the world’s top tax havens for the richest people on Earth.
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The origins of the offshore finance industry dates back to Vienna, Austria, in 1815, when Switzerland’s neutrality was established at the Vienna Congress.
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Alisher Usmanov, Russia’s richest person, moved control of most of his $20 billion fortune last year to a holding company based in the British Virgin Islands, a collection of more than 60 isles 5,600 miles away from Moscow.
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Updated 2 hours, 54 minutes ago
Billionaire Dmitry Rybolovlev, Russia’s 14th-richest person, and his wife, Elena Rybolovleva, have been brawling for almost five years in at least seven countries over his $9.5 billion fortune.
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When Argentina canceled its double- taxation treaty with Spain last year, it had a lot to do with a billionaire named Paolo Rocca, the world’s 105th-richest man.
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