With many clients in the global offshore markets struggling to find fair solutions for untaxed funds, Kaiser instigated a solution with the UK government known as the Liechtenstein Disclosure Facility (LDF).
The Liechtenstein task force was led by Fritz Kaiser, executive chairman at wealth management firm Kaiser Partner, and the conclusion was a pledge to transparency called the Liechtenstein Declaration.
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In an interview with Accountancy Age, the UK’s permanent secretary for tax, Dave Hartnett, estimated 1,200 people had now used the LDF and that returns from declarations might reach £3 billion rather than the £1 billion originally predicted.
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