Business News
Liechtenstein to emerge from OECD's grey list of tax havens
Nov 11, 2009, 10:36 GMT
Vaduz - The principality of Liechtenstein announced Wednesday that it will be removed from a list of tax havens after meeting a set of conditions imposed by the Organization for Economic Cooperation and Development.
Removal from the 'grey list' of nations that did not meet standards of information transparency standards removes a hurdle for many international customers who want to bank in the country.
'The removal from the so-called 'grey list' is an indicative step as to the new direction of our new orientation,' said Prime Minister Klaus Tschuetscher, hailing the news.
By signing tax information sharing agreements with Belgium and the Netherlands on Tuesday, Liechtenstein met the OECD's requirement of having such agreements with at least 12 countries.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
