Liechtenstein
The unusual little nation of Liechtenstein celebrated its bicentennial this week. The principality, about the size of Washington, D.C., was created by Napoleon in 1806, and kept its neutrality through both world wars. It is now best known as a tax haven. But its ruler, Prince Alois von und zu Liechtenstein, 38, says he hopes to use the bicentennial to change the country’s image. In the past few years, the prince says, Liechtenstein has enacted tough regulations to prevent money laundering and terrorist financing. There’s still far less regulation than in most countries, though; tax evasion, for example, is not a crime.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
