"Britain and Liechtenstein Sign Tax Pact"
Summaric Paragraph
The leaders of Britain and Liechtenstein have signed a tax pact. This allows users to declare their holdings while having a deductive fee in return. The main reason this was brought up was because of the tax evasion present in the UK (due to assets in Liechtenstein), and those who do not declare their holdings must pay severe penalties. Previously, wealth could be stored in Liechtenstein out of taxpaying hands, but now the Prime Minister of Liechtenstein believes that this pact will set the framework for similar occurrences in the future. The pact as well has made a nice model for the future as well. This will allow the UK to essentially take back lost taxes.
Emotions over Article
It's a good thing that these countries (with several others in follow-suit) have made this deal; this allows the economy to grow as taxes are getting paid -- at this point, just the penalty, but the wealthy shouldn't have a problem with that. We might still have tax evasion, but at least at this point it will be minimized. In addition, this keeps everybody happy -- fees are given to the government while the wealthy do not lose all of their assets in Liechtenstein.
Article and Political Life
A pact between countries is a very political move in order to stabilize economy. This keeps Liechtenstein and Britain in a sort of "alliance" with each other; while not technically an alliance, this pact has brought together the leaders of both states. A change in laws for the countries has been influenced by this pact in order to reach a domestic goal of bringing back taxes.