Abstract
The Liechtenstein Disclosure Facility (LDF), in contrast to the Swiss–UK Agreement gives non-compliant UK taxpayers a unique chance to regularize their past tax obligations on their worldwide assets while being given immunity from prosecution for tax offenses. If the clients decide to keep their structures in Liechtenstein upon completion of the LDF, they profit from corporate tax incentives as, under specific conditions, Liechtenstein foundations (Stiftungen), establishments (Anstalten) as well as UCITS and AIFM funds will henceforth have access to the treaty benefits provided by the comprehensive Double Taxation Agreement which was signed by Liechtenstein and the UK on 11 June 2012.
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