Editing Liechtenstein (section)

=== Financial centre ===
Liechtenstein was in dire financial straits following the end of World War II. The Liechtenstein dynasty often resorted to selling family artistic treasures, including the portrait ''[[Ginevra de' Benci]]'' by [[Leonardo da Vinci]], which was purchased by the [[National Gallery of Art]] of the United States in 1967 for {{US$|link=yes}}5&nbsp;million (${{Inflation|US|5|1967}} million in {{Inflation-year|US}} dollars),<ref>{{Cite book |last=Congress |first=United States |url=https://books.google.com/books?id=qT04AQAAMAAJ&dq=Ginevra+de%27+Benci++liechtenstein+5+million&pg=PA791 |title=Congressional Record: Proceedings and Debates of the ... Congress |date=1967 |publisher=U.S. Government Printing Office |language=en}}</ref> then a record price for a painting.<ref>{{Cite book |url=https://books.google.com/books?id=q0dNAAAAYAAJ&q=Ginevra+de'+Benci++liechtenstein+5+million |title=Guinness Book of World Records |date=1972 |publisher=Sterling Publishing Company |language=en}}</ref>

By the late 1970s, Liechtenstein used its low [[corporate tax]] rates to draw many companies and became one of the wealthiest countries in the world.

Liechtenstein is one of the few countries in Europe (along with [[Monaco]] and [[San Marino]]) [[Tax haven|not to have a tax treaty]] with the [[United States]], and efforts towards one seem to have stalled.<ref>{{Cite web |title=United States Income Tax Treaties – A to Z  |url=https://www.irs.gov/businesses/international-businesses/united-states-income-tax-treaties-a-to-z |access-date=7 February 2021 |website=Internal Revenue Service |language=en}}</ref><ref>{{Cite web |url=https://www.tax-news.com/news/US_And_Liechtenstein_To_Negotiate_Double_Tax_Treaty____76564.html |title=US And Liechtenstein To Negotiate Double Tax Treaty |website=Tax-News.com |first1=Ulrika |last1=Lomas |date=16 March 2018|access-date=7 February 2021 |archive-date=21 May 2022 |archive-url=https://web.archive.org/web/20220521064324/https://www.tax-news.com/news/US_And_Liechtenstein_To_Negotiate_Double_Tax_Treaty____76564.html |url-status=usurped }}</ref>

{{As of|2019|September}} the [[Prince of Liechtenstein]] is the world's fifth [[List of the richest royals|wealthiest monarch]], with an estimated wealth of {{US$}}3.5&nbsp;billion.<ref name="CEOWorld2019">{{cite web |url-status=live |url=https://ceoworld.biz/2019/09/18/these-are-the-worlds-richest-royals-2019/ |title=These Are The World's Richest Royals, 2019 |archive-url=https://web.archive.org/web/20200520122309/https://ceoworld.biz/2019/09/18/these-are-the-worlds-richest-royals-2019/ |archive-date=2020-05-20 |website=CEO World |date=18 September 2019 |first1=Alexandra |last1=Dimitropoulou }}</ref> The country's population enjoys one of the [[List of countries by GDP (PPP) per capita|world's highest standards of living]].