Liechtenstein: Cleaner but poorer, Liechtenstein goes to the polls | Europe Online
After Liechtenstein decided to shed its image as a tax haven, tax revenues have come down. The resulting budget cuts and tax increases are weighing on the minds of the alpine country‘s 19,200 eligible voters as they elect a new parliament Sunday in one of Europe‘s smallest nations. The election also spells the end of Premier Klaus Tschuetscher‘s term in office – his first and last after he said he would not run again. Under Tschuetscher‘s guidance, Liechtenstein decided that its banks and asset managers would follow a “clean-money strategy” by signing bilateral tax agreements with other governments that make it harder for tax evaders to park their assets in the country.