Saturday, January 1, 2011

Luxembourg detachment "havens" greylisting

Headquartered in Paris, Organization for economic cooperation and development, announced on 8 November, Luxembourg has made the exchange of tax information, in accordance with OECD April published assessment criteria, Luxembourg from the Organization "havens" Greylisting, turn into the white list.

The OECD said that at the same Norway signed the relevant agreement, signed in Luxembourg and other countries of the tax information exchange agreement has increased to 12, and thus exceeded the substance fulfil international taxation standard "threshold". In accordance with the relevant provisions of the OECD, Luxembourg which is considered a real fulfilment of international common criteria of a whitelist.

OECD Secretary-General Angel · Ligurian explained that 12 agreements "threshold" is about the countries and regions, progress indicators, but this is not a ceiling, beyond the "threshold" of countries and regions should continue to negotiate new tax information exchange agreement. At the same time, he eagerly look forward to other greylisting countries and regions to be able to follow the practice of Luxembourg.

In early April this year, the g-20 London Summit ends in the evening, the OECD has published a report on the tax assessment. According to this report, 38 countries were included in the gray list, they are deemed to have been committed in bank secrecy or tax information exchange efforts but not yet implemented.

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