Andorra will also send the financial information of bank account holders
Andorra signed the agreement on financial transparency (based on the OECD AEoI) with the European Union. The aim of the accord is to prevent clearly the citizens of the EU member states to hide their wealth in the city-state.
DOUBLE IRISH DUTCH SANDWICH
Today, we would like to give you a brief summary on the structure and use of the now-famous tax arrangement called Double Irish Dutch Sandwich, which is used by many large US based multinationals to lower their overall corporate tax burden.
HUNGARY CONCLUDED NEW DOUBLE TAX TREATIES
With effect from January 1, 2013 Hungary concluded three new double tax treaties between Denmark, Qatar and Georgia. With this, Hungary is having effective double tax treaties with 74 states now.
Monaco also shares financial information
Monaco and the European Union agreed on mutual introduction of automatic tax information exchange, the principality will share the information of the bank account holders to the national tax authority of their tax residence.
TAX CHANGES IN LUXEMBOURG
In December 2012, the Luxembourg Parliament approved the 2013 Budget and Tax Package which includes several tax changes connected to companies and individuals.
TAX COMPLIANT COUNTRIES IN 2012
The OECD issued its global survey of 2012 about the jurisdictions which have already implemented the internationally agreed tax standard.
THE AMERICAN DREAM?
The U.S. passport and U.S. citizenship are the dreams of many which they would even be prepared to risk their wealth or freedom for.
WAS MESSI PLAYING TRICKS WITH ROYALTIES?
Lionel Messi, the world famous FC Barcelona player and his father have been charged with tax fraud in Spain.