Germany, Luxembourg Sign Agreement on Tax Information Exchange

December 19th, 2009 by admin




Finance ministers from Germany and Luxembourg, on Friday signed an agreement designed to help authorities fight tax evasion, the German Finance Ministry said in a statement.The deal, which comes into force in 2010, provides that the two countries should provide relevant information about the contributors to the authorities of another country when requested, said in a statement.”The application does not mean that tax evasion has already been determined,” the Ministry of Finance.”It only takes a situation that must be explained and that the requested information and documents will be considered for tax purposes.

Posted in tax evasion

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About Luxembourg

Luxembourg lies on the cultural divide between Romance Europe and Germanic Europe, borrowing customs from each of the distinct traditions. Luxembourg is a trilingual country; French, German, and Luxembourgish are official languages. Although a secular state, Luxembourg is predominantly Roman Catholic.