Brussels, 12/07/2016 (Agence Europe) - The signature, on Tuesday 12 July, of an agreement between the EU and the Principality of Monaco on the automatic exchange of information on financial accounts sends out a “strong signal to the member states of Monaco's desire to be definitively removed from the discriminatory national lists” of tax havens, Serge Telle, Monegasque minister of state, said at the signature ceremony.
Monaco is currently on the blacklists of Belgium, Bulgaria, Croatia, Greece, Latvia, Lithuania, Poland, Portugal and Spain.
In a statement to the minutes of the meeting of the Ecofin Council of 12 July, the member states “commit to analyse the situation of the Principality of Monaco in the light of the measures provided for in this Protocol and to take it into account in their bilateral relations” with Monaco. Monaco “confirms its place in our circle of trust”, said the Commissioner for Taxation, Pierre Moscovici.
The agreement provides for Monaco in the member states of the Union automatically to exchange information, from 2018, on financial accounts of their residents, which will be collected with effect from 1 January 2017. (Original version in French by Élodie Lamer)