KPMG LLP in the United Kingdom reports that a new first-time comprehensive income tax treaty between the U.K. and Liechtenstein was signed in London on June 11, 2012. The aims of this treaty – which largely follows the OECD Model -- include reducing the incidence of double taxation, which can help to ease tax-related costs and burdens for business and employees, and helping prevent tax evasion by providing for the exchange of information. For more details, read this Flash International Executive Alert.