Prime Minister Adrian Hasler met with finance ministers from German-speaking countries in Vaduz. The counterparts discussed a range of subjects, including tax issues, and underscored that financial market regulation should not hinder SMEs.
Finance ministers from Switzerland, Germany, Austria, Luxembourg and Liechtenstein met in Vaduz where they addressed current economic and political developments, according to a government statement.
Especially in the field of taxation and fiscal policy, the personal discussions between the five countries are very valuable and fruitful, said Prime Minister Adrian Hasler. He would like to see international standards applied as globally and as timely as possible. The meeting also showed that Liechtenstein is recognised and valued as a reliable partner with a liberal economic policy, wrote the government.
Specifically, the ministers discussed implementation of the BEPS projected launched by the OECD, which addresses base erosion and profit shifting, writes the Swiss Federal Department of Finance. They also discussed financial market regulation of small and medium-sized enterprises (SMEs). Hasler underscored that SMEs, which are the basis of each economy and support innovation, should not be hindered.