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Luxembourg Defends Savings Tax Opposition 5/21/2012 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.
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Austria, Luxembourg Block EU Savings Tax Proposals 5/18/2012 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.
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Andorra Readies New Taxes 10/12/2011 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.
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EU Mulls Relations With European Microstates 9/9/2011 Requests from San Marino, Andorra and Monaco to integrate and cooperate more
deeply on tax and trade matters have been met favourably by the European Commission.
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EC Seeks Closure Of Savings Tax Loopholes 7/19/2011 The European Commission has asked the Council for authorization to begin negotiating
changes to agreements signed in 2004 by Switzerland, Liechtenstein, Monaco, Andorra
and San Marino on the taxation of savings income received by European Union residents under the Savings Tax Directive.
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Andorra Undertakes First Phase Of Tax Regime Overhaul 4/29/2011 Despite political upheaval in Andorra, legislation providing for a corporate income
tax, initially on non-resident entities, at a rate of 10% came into force as of
April 1, 2011. The introduction of a Value-Added Tax regime, to be followed by
the extension of the income tax regime to resident individuals and corporations
are forthcoming but subject to political stability.
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Colombia, Portugal Sign DTA 9/6/2010 A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.
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Argentina, India Initial Customs Agreement 8/4/2010 Argentinian tax chief, Ricardo Echegaray, has negotiated with officials of the Indian Central Board of Customs and Excise to conclude an agreement for co-operation and mutual assistance in customs operations, with the aim of promoting trade between both countries.
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Liechtenstein Parliament Approves Multiple TIEAs 4/27/2010 Liechtenstein’s parliament has, by a large
majority, approved 11 tax agreements submitted by the government and which are compliant with the Organization for
Economic Cooperation and Development’s standards on tax information
exchange.
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