Andorra Ponders EU Savings Tax Agreement

tax       2003-02-20 
According to property and residence experts, Servissim, Andorra is likely to plump for the withholding tax option under the European Union's recent savings tax agreement.
In its February newsletter, Servissim revealed that:
'Andorra has consistently said that it would not do away with bank secrecy, but if everyone else applied the tax it would do so too, although it has yet to decide at which levels and how the tax might be enforced.'