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Economy, tax incentives & labor conditions
The International Monetary Funds estimated that Liechtenstein remains vulnerable to the money laundering. Approximately 90% of the financial services offered by the principality are provided to non-residents, noted the IMF, stressing that the latter for the majority "are attracted by flexible and discrete legal structures, a strict bank secrecy and favorable tax provisions". It is particularly difficult to identify the holders of credits placed in the small State, estimates the IMF, adding that "Liechtenstein is especially vulnerable in the phase of distribution in layers of the money bleaching".
74000 multinational corporations are established in Liechtenstein, generally in the shape of a simple P.0. box, because of a very advantageous corporation tax.
The banks in Liechtenstein ensure the bank secrecy of the deposits and the identity of the depositors.
70 000 shell companies (Anstalt) are registered in Lichtenstein in 2003.
Liechtenstein foundations, or Anstalts, are not required to keep books, present balances to tax authorities, or undergo any state supervision.
In this country of 32 000 inhabitants, 16 banks and 80 000 holdings are registered.
Main violations of the human rights and dirty money laundering
2002 BBVA (Banco Bilbao Vizcaya Argentaria)