The Prime Minister of Liechtenstein, Adrian Hasler, announced on November 14 that the principality is to sign a multilateral agreement on administrative assistance on tax matters.

He declared that his country “considers that the automatic exchange of tax information will be the international norm in the future,” points out Volksblatt.

Liechtenstein aims to commence negotiations on establishing information exchange with the countries of the so-called G5 (Germany, Spain, Italy, the United Kingdom, and France) and has announced that it is ready to actively participate in discussions with the OECD with a view to implementing this strategy. The daily adds that, at the same time, it will propose an alternative solution for states that are unable to apply this measure.