Liechtenstein trusts are quietly becoming a legal gray-zone strategy for Americans seeking to sidestep global tax reporting under CRS in 2025. How Americans Are Using Liechtenstein Trusts to Bypass CRS In 2025, as global tax transparency tightens under the Common Reporting Standard (CRS) , high-net-worth Americans are quietly turning to a jurisdiction that’s not even on most tax advisors’ radar: Liechtenstein . Why Liechtenstein? Unlike most European jurisdictions, Liechtenstein maintains strict banking confidentiality and a unique “trust enterprise” legal structure that legally sidesteps many CRS requirements. As the U.S. is not a CRS participant, Americans using Liechtenstein structures benefit from a rare blind spot in global reporting. How CRS Avoidance Is Structured Typical structures involve setting up a Liechtenstein Foundation or Family Trust with layered beneficiary clauses. By leveraging a non-U.S. trustee and discretionary interest classification , many trusts are d...