Reuters: Andorra to adopt taxes - Spear's Magazine

Reuters: Andorra to adopt taxes

PARIS (Reuters) – The principality of Andorra, long out of reach for European and international tax authorities, announced on Monday that it would vote on legislation to introduce a range of taxes on people, products and corporations as early as 2012

PARIS (Reuters) – The principality of Andorra, long out of reach for European and international tax authorities, announced on Monday that it would vote on legislation to introduce a range of taxes on people, products and corporations as early as 2012.

A tiny landlocked nation with borders abutting France and Spain, Andorra is one of a few micro-states in Europe that remain outside the European fold by not signing treaties on a range of policy areas, notably on tax.

Yet Andorra, with its mainly Catalan-speaking population of less than 100,000, has come under pressure to conform as it gradually opened up to the outside world, becoming a hot destination for tourists drawn to its medieval architecture and mountain scenery.

To read the full story, visit reuters.com



 

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