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| TreatyPro: Online
tax treaty resource. |
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| Liechtenstein And St Vincent And The Grenadines Sign TIEA |
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, October 06, 2009
It has recently emerged that negotiating delegations of Liechtenstein and
St Vincent and the Grenadines have signed an OECD-compliant Tax Information Exchange
Agreement (TIEA).
Initialled on September 18, the bilateral TIEA between the two countries follows
the OECD Model Tax Convention and provides for information exchange upon request
from the 2010 tax year. The agreement is due to enter into force upon conclusion
of the respective domestic ratification procedures.
On March 12, 2009, Liechtenstein recognized the OECD standard on tax cooperation
as binding. The government's goal is to conclude and sign at least 12 TIEAs
by this autumn and to advance negotiations on additional double taxation agreements.
A comprehensive report in our Intelligence Report series,
examining in depth the situation of offshore transparency and secrecy in a number
of the most prominent jurisdictions, is available in the Lowtax Library at
http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report2.asp
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tax-planning in depth, including banking secrecy, the EU's savings tax
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