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Relatively low business taxes—the maximum tax rate is 20%[23]—as well as easy Rules of Incorporation have induced about 73,700 holding (or so-called 'letter box') companies to establish registered offices in Liechtenstein. This provides about 30% of Liechtenstein's state revenue. Liechtenstein also generates revenue from Stiftungen ("foundations"), which are financial entities created to increase the privacy of nonresident foreigners' financial holdings. The foundation is registered in the name of a Liechtensteiner, often a lawyer.
Snow-bearded, 84-year-old Prince Franz Paul I, ruler of the 65-square-mile principality of Liechtenstein... has not visited his tiny nation for five years. He has run his Government by long-distance from Vienna and his Czechoslovakian estates... His wife, whom he married in 1929, is a wealthy Viennese Jewess and local Liechtenstein Nazis have already singled her out as their anti-Semitic "problem."
Should Adolf Hitler desire to absorb Liechtenstein, he could meet little resistance, for the country has no army, no defenses and no military alliances. It sided with Austria in the Austro-Prussian war of 1866, but its 81 soldiers did not reach the front in time to fight.
" Hitler liked money, both for the luxuries it bought him and the loyalties it ensured, and he amassed a lot of it."
EU's relations with Liechtenstein are based on the EEA (European Economic Area) Agreement, and there are very few issues that are not covered by this Agreement. However, Liechtenstein also has a customs and monetary union with Switzerland since 1924 and is strongly integrated in the Swiss economy in addition to its participation in the European Economic Area. In addition to the EEA Agreement, the EU has bilateral agreements with Liechtenstein on subjects such as taxation of savings . Liechtenstein will also be part of the Schengen/Dublin co-operation. Negotiations on EU-Liechtenstein co-operation on combating fraud and exchange of information on tax matters are expected to be concluded in the near future.
The Prince of Wales' motto is "Ich Dien," German for "I Serve". Why British royalty would have a motto in German and not English or at least Latin is curious, to say the least.
Members of the royal family belong to, either by birth or marriage, the House of Windsor, since 1917, when George V changed the name of the royal house from Saxe-Coburg and Gotha. This decision was primarily taken because Britain and her Empire were at war with Germany and given the British Royal Family's strong German ancestry, it was felt that its public image could be improved by choosing a more British house name.
Originally posted by TheComte
...it was felt that its public image could be improved by choosing a more British house name.
en.wikipedia.org...edit on 29-6-2011 by TheComte because: (no reason given)
Originally posted by whitl103
Originally posted by TheComte
...it was felt that its public image could be improved by choosing a more British house name.
en.wikipedia.org...edit on 29-6-2011 by TheComte because: (no reason given)
Valid point. Although choosing an English motto would've also helped public image.
Originally posted by goldentorch
reply to post by whitl103
Further to your question about Ich Dien as the motto of the Prince of Wales and the question it raises about divided loyalties.
It was the Cold War and the beginning of European unity, which brought the German army to Pembrokeshire in 1961.
At first the arrival of their tanks was greeted with protests by some, who objected to the presence of German troops on British soil just 16 years after the end of the World War II, and in particular the Luftwaffe bombing of nearby Pembroke Dock.
Most welcomed the troops and the prospect of civilian jobs on the nearby tank range, which they brought with them. Within less than two years the controversy had all but disappeared as the German soldiers settled into making the western corner of Wales a home from home.
Over 35 years 84,000 soldiers passed through Castlemartin and Pembrokeshire people got used to their presence.
From his perspective as a ruling monarch, Prince Hans-Adam affirms the centrality of democracy in the modern nation-state and makes the case for limited government: "[The United States and Europe] have to free the state from all the unnecessary tasks and burdens with which it has been loaded during the last hundred years, which have distracted it from its two main tasks: maintenance of the rule of law and foreign policy." Using the examples of China and Russia to illustrate the difficulty of transitioning from dictatorships to democracy, he asserts the primacy of establishing economic freedom. Finally, he speaks to the importance of America maintaining its preeminent role in world affairs.
Originally posted by EartOccupant
I just watched a very interesting interview with the old Prince.
He has some very good ideas of small government and power to the people.
He wrote a book about it.
From his perspective as a ruling monarch, Prince Hans-Adam affirms the centrality of democracy in the modern nation-state and makes the case for limited government: "[The United States and Europe] have to free the state from all the unnecessary tasks and burdens with which it has been loaded during the last hundred years, which have distracted it from its two main tasks: maintenance of the rule of law and foreign policy." Using the examples of China and Russia to illustrate the difficulty of transitioning from dictatorships to democracy, he asserts the primacy of establishing economic freedom. Finally, he speaks to the importance of America maintaining its preeminent role in world affairs.
edit on 29-6-2011 by EartOccupant because: (no reason given)
Originally posted by Asktheanimals
Wasn't a Bilderburg meeting held there recently?
Anyways, out of sight - out of mind. Lichtenstein has done a great job of staying under the radar and for a very good reason which I believe you have given us the answer for.
S&F
Liechtenstein's ruling prince won overwhelming support from his subjects (in 2003) to become Europe's only absolute monarch. The campaign, involving hate mail and intimidation of opponents with animal parts, divided families and friends. Under the new constitution, the prince wins the right to veto bills, sack the government and adopt emergency laws.
source
Prince Hans-Adam owns LGT banking group and has a personal fortune of £7.6 billion, making him one of the world's richest heads of state, and Europe's wealthiest monarch.
On 30 July 1967, at Vaduz, Liechtenstein, he married his second cousin, once removed.
source
Originally posted by EartOccupant
I just watched a very interesting interview with the old Prince.
He has some very good ideas of small government and power to the people.
He wrote a book about it.
Ladislav Kahoun: Could you say what in your opinion are the advantages and disadvantages of monarchy against republic?
Prince Hans-Adam II: If you look at human history world-wide you see that through-out human history usually monarchies dominated as the form of government and not republics... a monarchy usually offers more political stability over longer periods of time and that the monarch has the tendency to think in generations and not about winning the next elections... the combination which we have here in Liechtenstein with a strong monarch, a direct democracy which goes further even than in Switzerland... could be a model for future monarchies.
For a little bit less than a hundred years we have lived now in a republican age, which is not very long if you look at human history, and I think sooner or later monarchies will come back.
Prince Hans-Adam II - I Want My Property Back
Originally posted by EartOccupant
reply to post by whitl103
Not so fast.. He promotes the freedom of local communities too a very high level, he even tells that IF a village by referendum decides to leave to Principal it is free to go!