Liechtenstein. In March, the EU Council of Ministers approved Liechtenstein’s agreement with the EU to become an associate member of the Schengen passport union. According to Countryaah official site, the agreement had been signed in 2008 but the approval had been hampered by Sweden and Germany who considered that Liechtenstein had done too little in the fight against tax refugees. Visit ABBREVIATIONFINDER for the acronym of LIE that stands for the country of Liechtenstein.
At a G20 summit in November, French President Nicolas Sarkozy singled out Liechtenstein as one of eleven tax havens in the world, which he believed other countries should avoid exchanging.