Liechtenstein and Britain have agreed to abolish bank secrecy. Now the tax authorities of the two states will be able to share information on bank accounts. Now in the Liechtenstein bank accounts opened about 5 thousands of British savers in the total amount of 3 billion pounds sterling.

According to the newspaper Financial Times, the UK Revenue Service has proposed to voluntarily provide information to depositors on their deposits in banks of Liechtenstein. In response, the British government promised to apply to less severe penalties. Meanwhile, investors who do not agree to cooperate with tax authorities access to bank accounts will be closed. Banks and trust companies of the account holders in the Alpine tax haven would be exposed to an independent audit.

The government of Britain do not provide citizens voluntarily talked about abuse, there is no immunity, but implied that they would not be prosecuting, said the newspaper.

account holders in Liechtenstein banks will have to settle tax claims for 10 years and to pay fines of 10% tax. British citizens who are depositors of banks in other offshore areas, will not be able to count on such favorable conditions for the tax amnesty. In September, investors in such a power Britain for new opportunities to declare their incomes,which meant the return of unpaid taxes for 20 years and paid fines and interest in the amount of 10-20% of the amount of tax claims.