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February 9, 2012

Giving ultra-high net worth families and individuals in the UK more time to come clean about their assets in Liechtenstein is an “important development”, according to a top legal expert.

Giving ultra-high net worth families and individuals in the UK more time to come clean about their assets in Liechtenstein is an “important development”, according to a top legal expert.

But Philip Marcovici, a former partner at Baker & McKenzie, told CampdenFB that waiting until the end of the deadline to disclose tax arrears could be “dangerous”.

November 29, 2011

Wealthy families and family offices in the UK should take advantage of the Liechtenstein Disclosure Facility and clear off any tax arrears, according to legal expert Philip Marcovici.

Wealthy families and family offices in the UK should take advantage of the Liechtenstein Disclosure Facility and clear off any tax arrears, according to legal expert Philip Marcovici.

The former partner at Baker & McKenzie told CampdenFO that the LDF has many benefits over the new Swiss-UK agreement signed to tackle offshore tax evasion, one of which is the immunity from prosecution.

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