European tax havens Monaco, Liechtenstein and Andorra have been removed from the Organisation of Economic Cooperation and Development’s uncooperative tax havens list.
European tax havens Monaco, Liechtenstein and Andorra have been removed from the Organisation of Economic Cooperation and Development’s uncooperative tax havens list.
The Paris-based organisation said they were removed due to their commitments to implement the OECD standards of transparency. All have agreed a time table in implementing exchange of information agreements with other countries.
The removal of the three means there are no longer any uncooperative tax havens on the OECD list, which was originally drawn up in the late 1990s to highlight issues on money laundering and tax evasion.
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