Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives

Andorra, a microstate located in the Pyrenees, between France and Spain, used to be characterized by strict bank secrecy and the absence of direct taxes on income. However, given the pressure exerted by the European Union and, especially, by the OECD, Andorra finally committed in 2009 to exchanging...

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Detalles Bibliográficos
Autor: Vega García, Alberto
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2015
País:España
Institución:Universitat Pompeu Fabra
Repositorio:Repositorio Digital de la UPF
OAI Identifier:oai:repositori.upf.edu:10230/25670
Acceso en línea:http://hdl.handle.net/10230/25670
Access Level:acceso abierto
Palabra clave:Dret fiscal -- Andorra
Bancs -- Secret professional
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spelling Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiativesVega García, AlbertoDret fiscal -- AndorraBancs -- Secret professionalAndorra, a microstate located in the Pyrenees, between France and Spain, used to be characterized by strict bank secrecy and the absence of direct taxes on income. However, given the pressure exerted by the European Union and, especially, by the OECD, Andorra finally committed in 2009 to exchanging tax information upon request according to the OECD standards. Since then, Andorra has introduced important legal reforms following these standards, in a process which is still evolving and which may even lead to automatic exchange of information in the near future. Moreover, as a result of the crisis suffered in recent years, Andorra has also undergone a complete reform of its tax system and has approved, for the first time in the history of the country, a corporate and a personal income tax, even though the fiscal pressure is still very low. The aim of this article is to systematically analyse this major transformation of the Andorran legal framework in the context of the initiatives undertaken by the EU and the OECD in tax matters.Kluwer Law International201620162015info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttp://hdl.handle.net/10230/25670reponame:Repositorio Digital de la UPFinstname:Universitat Pompeu FabraInglésIntertax. 2015; 43(2):199-208info:eu-repo/semantics/openAccessoai:repositori.upf.edu:10230/256702026-06-12T07:21:37Z
dc.title.none.fl_str_mv Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
title Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
spellingShingle Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
Vega García, Alberto
Dret fiscal -- Andorra
Bancs -- Secret professional
title_short Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
title_full Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
title_fullStr Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
title_full_unstemmed Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
title_sort Andorra: exchange of information and new tax system in the context of the OECD's and EU's initiatives
dc.creator.none.fl_str_mv Vega García, Alberto
author Vega García, Alberto
author_facet Vega García, Alberto
author_role author
dc.subject.none.fl_str_mv Dret fiscal -- Andorra
Bancs -- Secret professional
topic Dret fiscal -- Andorra
Bancs -- Secret professional
description Andorra, a microstate located in the Pyrenees, between France and Spain, used to be characterized by strict bank secrecy and the absence of direct taxes on income. However, given the pressure exerted by the European Union and, especially, by the OECD, Andorra finally committed in 2009 to exchanging tax information upon request according to the OECD standards. Since then, Andorra has introduced important legal reforms following these standards, in a process which is still evolving and which may even lead to automatic exchange of information in the near future. Moreover, as a result of the crisis suffered in recent years, Andorra has also undergone a complete reform of its tax system and has approved, for the first time in the history of the country, a corporate and a personal income tax, even though the fiscal pressure is still very low. The aim of this article is to systematically analyse this major transformation of the Andorran legal framework in the context of the initiatives undertaken by the EU and the OECD in tax matters.
publishDate 2015
dc.date.none.fl_str_mv 2015
2016
2016
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10230/25670
url http://hdl.handle.net/10230/25670
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Intertax. 2015; 43(2):199-208
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Kluwer Law International
publisher.none.fl_str_mv Kluwer Law International
dc.source.none.fl_str_mv reponame:Repositorio Digital de la UPF
instname:Universitat Pompeu Fabra
instname_str Universitat Pompeu Fabra
reponame_str Repositorio Digital de la UPF
collection Repositorio Digital de la UPF
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,81155

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