Monday, October 19, 2009

Liechtenstein Cooperating? Tax Haven Hidey - Holes Opening Up?

Any In Here?

The profusion of banks in Liechtenstein is a strong first impression.  Not the views (which appear to be incidental to the main function - money; even with business construction blocking the finest of the views from old churches at the tops of highest hills), not the food, not the architecture (a blend: simple chalets or other practical shapes, unfussy mostly we saw).

Now, NYT reports that Liechtenstein as well as Switzerland and some other offshore sweet spots, have agreed to open their records to the IRS. See ://  Some 7500 errant nontaxpayers are coming forward, so it says.

This is not a new idea, as opening sham or real accounts is fine sport.  See UBS Client Admits Failure to Report Offshore Account, at :// - sham Liechtenstein account included.

Liechtenstsein Landesbank, Vaduz, Liechtenstein

Now that we can read the names, what is the future of the personal banker? Is this one fine?

Saturday, October 3, 2009

Triesen, St. Mamerten Chapel, Liechtenstein (a/k/a St. Mamertus)

Triesen is another of the some eleven districts of Liechtenstein, and the one that boasts its most iconic landmark: The St. Marmertus or St. Mamerten Kapelle. Triesen dates in records from the early 1100's.  Much of the area is deeply sloped - all a mountainside that this site says is because of an ancient landslide, see Portal of the Principality at ://  The "De Trisuns" were mentioned as a prominent family in the 1200's.

The porch roof would also be an addition.

The St. Mamertus, in a section called the Upper Town,  is the oldest chapel in Liechtenstein, dating from the 9th or early 10th Centuries.  The tower-steeple would have been added much later, say mid 1400's. 

Thanks to the tower, the chapel can be located.  From Triesenberg, the community up the mountainside, the tower is visible.  Get closer and it disappears in a maze of residential alleys and little streets.

Just keep driving down, and from the bottom, it is again visible.  Recalibrate your antennae and start off again, repeating until successful.  There are few if any signs, and you are going through a tangle.  Suddenly, it all opens up and follow a path to the lovely spot.

Find the Triesen flag and its banner of arms at :// - azure and white, and the three scythes on the banner represent old families.

For videos of Liechtenstein, try their own website at ://