During the recent European Union Economic and Financial Affairs Council meeting in Brussels, Luxembourg’s Finance Minister Luc Frieden defended his decision to block the European Commission’s plans to negotiate new and stronger savings tax agreements with third countries, insisting that given recent developments, the automatic exchange of tax information is not necessarily the only solution to combating tax evasion. Read Full Story
Much to the deep annoyance and extreme frustration of European Union Tax Commissioner Algirdas Semeta, Austria and Luxembourg have blocked the European Commission’s plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco, Liechtenstein, Andorra and San Marino, aimed at strengthening cooperation in tax matters. Read Full Story
During a recent official visit to France, the head of the Andorran government Antoni Marti Petit, accompanied by President of the Andorran parliament Vicenç Mateu Zamora, confirmed plans to introduce a range of taxes in the principality in 2012. Read Full Story
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