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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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The Seychelles Adds Guernsey TIEA 1/3/2012 The Seychelles has noted the signing of a Tax Information Exchange Agreement with
Guernsey as a significant step in boosting bilateral relations between the two
territories.
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India Rapidly Expanding Tax Agreement Network 10/17/2011 India is playing a major role in the global crusade against black money and has completed negotiations for 16 new tax information exchange agreements, according to the chairman of the Central Board of Direct Taxes M C Joshi.
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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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Monaco Reforms Property Tax Law 7/7/2011 Determined to ensure greater equity in its property tax provisions, to boost the
attractiveness of the country as a location, and to encourage property investment,
Monaco has passed a new law amending the taxation on the transfer and purchase
of real estate.
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EU Preferential Trade Regime To Be Improved 4/20/2011 The European Union has launched a process which it believes will allow for the easier operation of preferential trade between itself, the Southern Mediterranean and the Western Balkans, by overcoming many of the current difficulties caused by the management of a large variety of bilateral agreements.
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Netherlands Notes Tax Agreements' Entry Into Force 12/30/2010 The Netherlands government has announced the ratification of a revised double
tax agreement with the United Kingdom, approved by the Netherlands’ Senate in late December.
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Global Tax Forum Issues Peer Reviews 10/4/2010 The Global Forum on Transparency and Exchange of Information for Tax Purposes has issued the first phase of peer reviews covering the legal and regulatory frameworks for transparency and exchange of tax information in Bermuda, Botswana, Cayman Islands, India, Jamaica, Monaco, Panama and Qatar.
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UK Businesses Back Anti-Tax Avoidance Drive 9/27/2010 A survey by accounting and consultancy firm RSM Tenon has found resounding support
for HM Revenue and Customs's stated intention to increase funding to tackle
tax avoidance in the UK, with only 9% opposed to increasing funding in this area.
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Equiom To Attend Monaco Yacht Show 9/3/2010 Equiom, an Isle of Man based corporate service provider, has announced that it
is to be present at the Monaco Yacht Show on September 22-25, to
promote its yacht registration and management services.
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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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Germany, Monaco Sign TIEA 8/3/2010 Germany and the principality of Monaco have signed
in Berlin a bilateral tax information exchange agreement, marking an important step in combating tax evasion.
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Danish Court Rejects Golfer's Monaco Residency 5/21/2010 The Copenhagen City Court has ruled against professional golfer Søren
Hansen in a ruling that negated his argument that he has been tax resident in
Monaco since 1999, finding that he owned assets, and maintained physical presence, in the country.
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Indian Revenue Agency Opens Overseas Offices 4/30/2010 The Indian Central Board of Direct Taxes has opened tax offices in Singapore and Mauritius and plans to open in at least eight more countries in order to step up its measures against tax evasion.
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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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Australia And Monaco Sign TIEA 4/9/2010 The governments of Australia and Monaco signed a tax information exchange agreement in Paris on April 1, bringing to 23 Australia’s global network of
such agreements.
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OECD Reviews Tax Transparency 3/23/2010 18 countries participating in the Global Forum on Transparency and Exchange of Information have been included in the first phase of a peer review process.
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