Andorra is ending with its tradition of being a tax heaven and it is shown in the Pujol corruption case
The small Pyrenean country signed three years ago a partnership with the Spanish Government in the matter of sensitive information on financial crimes. Although tax evasion is not penalized in Andorra, the government collaboration extends in the case of money laundering or other associated crime. This agreement has allowed Andorra to leave the list of tax havens and has allowed Spain to improve information on their taxpayers. Another thing is that Andorra, like Luxembourg or Switzerland, maintains as a as a right to keep safe their national’s banking secrecy. Spain must follow the established protocol to reach the bottom in the case Pujol. In the report we offer in BCN Content Factory there are detailed the steps that the small Pyrenean country is taking towards its modernization.
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