Has the Euro crisis heralded the end of the tax haven? The head of Andorra’s government, Antoni Marti, has announced he’ll instate income tax to bring Europe’s sixth smallest nation into line with international tax standards. This will be the first time that such a tax has applied to personal income in Andorra.
The new bill has been proposed in the wake of finance ministers calling for stricter measures against tax evasion, which is said to cost the EU £850 billion a year.
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