Economics

Luxembourg joins OECD initiative for tax transparency

Luxembourg, along with 35 other OECD countries, has signed a declaration supporting the global exchange of tax information and making a commitment for the early adoption of the Common Reporting Standard.

29.11.2013

(CS) Luxembourg, along with 35 other OECD countries, has signed a declaration supporting the global exchange of tax information and making a commitment for the early adoption of the Common Reporting Standard.

This move follows the signature in May this year of the OECD's convention on Mutual Administrative Assistance in Tax Matters and the announcement in April that Luxembourg would reform its banking secrecy laws.