All news / Politics

Bulgaria removed Andorra from the list of low tax countries

The Andorran Government received an official notification from the Minister of Foreign Affairs of Bulgaria Daniel Mitov that the Republic of Bulgaria removed Andorra from the list of countries with low tax system. Thus, Bulgaria became the fifth country to remove Andorra from a list of low tax countries (Belgium, Italy, Estonia and Lithuania).

This decision …

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All news / Business and Economy

Andorra has officially announced its exit from the “black list” of jurisdictions with low taxation, established the Republic of Latvia

Andorra has officially announced its exit from the “black list” of jurisdictions with low taxation, established the Republic of Latvia. The list of so-called offshore territories was established by the Latvian Cabinet of Ministers Regulations (№276 of 26 June 2001 “On countries and territories with low tax or no tax.”

The corresponding statement was made after …

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Interview

The main reasons of the scandal with Banca Privada d’Andorra were lack of capacity of the regulators and the lack of oversight, specifically effective oversight, of the Board of the Bank’s Directors, says Burke Files, an international expert in asset recovery, due diligence, anti money laundering and intellectual property matters

Mr. Files is the head of an international investigative firm Financial Examinations & Evaluations, Inc. specializing in asset recovery, due diligence, anti money laundering and intellectual property matters.  Mr. Files has been the case manager on fraud investigations ranging from ten of thousands of dollars to over 3 billion.  He also is a published author of …

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All news / Politics

The European commission published “black list” of tax “heavens” which included 30 countries, several of them are in Europe

The European commission published “black list” of tax “heavens” which included 30 countries, several of them are in Europe (Andorra, Monaco, Liechtenstein, the island of Guernsey, the dependent territory of Great Britain, etc.). The list of the countries is the main point of the plan of actions on fight against evasion of taxes.

The main points …

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