Lux makes OECD White List

The international finance centre was formerly on the "Grey list" of countries which agreed to conform to the standards but are not yet up to scratch. Luxembourg signed a double taxation convention with Norway, bringing its tally to twelve, which enables it to meet the OECD's threshold of Tax Information Exchange Agreements (TIEAs) implemented to meet the internationally agreed standard. Consequently, the progress report initially published by the OECD Secretariat on 2 April 2009 in conjunction with the G20 has been updated and Luxembourg has moved to the category of "jurisdictions tha...