Financial Times FT.com

Offshore account holders offered tax deal

By Vanessa Houlder and Haig Simonian

Published: March 26 2009 23:32 | Last updated: March 26 2009 23:32

Thousands of British investors with up to £3bn stashed in secret Liechtenstein bank accounts will be asked to come forward voluntarily under a deal to be negotiated next week that could be the first of many worldwide.

Lawyers said the Liechtenstein plan, discussed behind closed doors with the Paris-based Organisation for Economic Co-operation and Development, could serve as an international model for other tax havens seeking to avoid an OECD blacklist.

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