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The last remant of the Holy Roman Empire was declared legally dead on Monday 8 of December, 2008 after signing a Tax Information Exchange Agreement with the IRS of Pax Americana, the government of the United States of America. The Principality, suffering from a grave illness which struck from a tax fraud scandal (initiated by theft of bank data) in Germany directed against the primary bank of the Prince, LGT Bank, finally capitulated to the pressure of the European and American governmental authorities, effectively relinquishing Sovereignty of the country to the tax authorities of the USA.
Previous to its death as an effective safe haven from the prying eyes of tax authorities around the world, the Principality of Liechtenstein earned over 30% of its revenues from the over 75,000 holding companies incorporated in the country. However, what the Holy Roman Emperor Charles VI created on January 23, 1719, the new emperor, the IRS, of Pax Americana has taken away. For the first time in over 100 years, border guards of the Swiss border control now monitor exit and entry into the double land locked Principality.
We are questioning the viability of using Liechtenstein as a safe have for banking in these days, and favor neighboring Switzerland.
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