EFTA State Aid Report Released

Categories: International Tax Cooperation, Taxation in EU, Taxation in Iceland, Taxation in Liechtenstein, Taxation in Switzerland

On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU.
A total of €2,234.88 [...]

On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU. A total of €2,234.88 million was granted in state aid across the three surveyed countries in 2008, indicating an overall increase in grants across the countries. 98.9 percent of this amount ... Read More

Liechtenstein Moves to OECD White List

Categories: International Tax Cooperation, Taxation in Liechtenstein

Liechtenstein has completed the necessary tax information agreements to be moved to the Organization for Economic Co-operation Development’s (OECD) “White List” of countries.
It was reveled on November 11th by Klaus Tschütscher, Liechtenstein Prime Minister, that the nation will be considered as adequately complying with the G20’s and OECD’s efforts to combat international tax evasion. [...]

Liechtenstein has completed the necessary tax information agreements to be moved to the Organization for Economic Co-operation Development's (OECD) "White List" of countries. It was reveled on November 11th by Klaus Tschütscher, Liechtenstein Prime Minister, that the nation will be considered as adequately complying with the G20's and OECD's efforts to combat international tax evasion. By signing Tax Information Exchange Agreements (TIEA) with Belgium and Netherlands, Liechtenstein has brought their total agreement number to the required minimum of twelve to be judged ... Read More

Dutch Government Recieves Tax Tip

Categories: Offshore Banking, Tax Havens, Taxation in Netherlands

The Dutch Government has received a list containing information on nationals evading taxes with offshore bank accounts.
Jan Kees de Jager, Dutch Deputy Finance Minister, confirmed on October 31st that the Netherland’s Government had signed an agreement which delivers a list of names, account numbers and addresses of several hundred tax evaders, or “black savers” as [...]

The Dutch Government has received a list containing information on nationals evading taxes with offshore bank accounts. Jan Kees de Jager, Dutch Deputy Finance Minister, confirmed on October 31st that the Netherland’s Government had signed an agreement which delivers a list of names, account numbers and addresses of several hundred tax evaders, or “black savers” as dubbed by the Dutch government. According to the Deputy Finance Minister, negotiations with the informant were initiated earlier this year, with an agreement being signed on September ... Read More

Tax Information Exchange Agreement Update

Categories: International Tax Cooperation, Offshore Banking, Tax Havens, Taxation in Australia, Taxation in British Virgin Islands, Taxation in Canada, Taxation in Cayman Islands, Taxation in EU, Taxation in France, Taxation in Germany, Taxation in Ireland, Taxation in Liechtenstein, Taxation in Monaco, Taxation in New Zealand, Taxation in Turks & Caicos Islands, Taxation in UK, Taxation in USA

Since the April G20 summit, over 50 new TIEA agreements have been signed across the globe.
The London G20 Summit, held on the 2nd of April this year, heralded an unprecedented wave of Tax Information Exchange Agreement (TIEA). In what was described as “revolutionary” by Angel Gurría, OECD Secretary-General, the number of completed TIEAs has almost [...]

Since the April G20 summit, over 50 new TIEA agreements have been signed across the globe. The London G20 Summit, held on the 2nd of April this year, heralded an unprecedented wave of Tax Information Exchange Agreement (TIEA). In what was described as “revolutionary” by Angel Gurría, OECD Secretary-General, the number of completed TIEAs has almost doubled since their inception in late 2000. Since the G20 summit, and subsequent global push for greater tax transparency and compliance, the following 53 agreements have been ... Read More