Saturday, May 30, 2009

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Andorra, Liechtenstein and Monaco are removed from the list of Non-Cooperative Tax Havens OECD

Given the recent political commitments taken by Andorra , Liechtenstein and Monaco to adopt OECD standards for transparency and effective exchange of information and timing provided for their establishment, the Committee on Fiscal Affairs of the OECD has decided to remove all three jurisdictions in the list of tax havens Non-Cooperative .

It is now believed that these jurisdictions have committed to implement the standard international tax but that they have not yet established substantially, as indicated in the Report Evolution originally published by the OECD Secretariat on April 2. It is now expected that these three states implement their commitments promptly.

(Source OECD www.oecd.org/document/35/0, 3343, fr_2649_33767_42858403_1_1_1_1, 00.html )

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