Markets
U.S. open in 56 hrs, 52 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Austria promoted from tax haven gray list
AP
PARIS -Austria has been promoted to the "white list" of countries that comply with international tax standards, according to the latest progress report by the body leading a global fight against tax havens.
Austria had been among several states resisting the adoption of rules on forwarding account details to other tax authorities.
The change had been expected because Austrian lawmakers voted earlier this month to relax the country's banking secrecy regulations. The change paved the pay for the country to be removed from the Paris-based Organization for Economic Cooperation and Development's "gray list" of countries not complying with international reporting norms.
The Austrian Finance Ministry says the country has signed 15 agreements on double taxation or exchange of information with other countries, a prerequisite for getting off the gray list. Many more agreements are being negotiated, ministry spokesman Harald Waiglein said in Vienna.
The gray list still includes nations such as Andorra, Monaco, San Marino, and the British territory of Gibraltar.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-09-23 06:17:03
COMMENTS ( 0 )