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Andorra, Europe's Most Accessible Tax Haven Star
by Roger Munns, International Property Tribune
From the late 1970's Andorra was a European tax haven star, with many taking residency, but with income tax set to be introduced, will it kill the goose that lays the golden egg?
Cheaper than Monaco and the Channel Islands for property and with no income tax the number of people taking residency in Andorra has historically been good for the last forty years.
But over the last two years the number of residency applications in Andorra dropped as the country's parliament debated whether to introduce a minimum investment level for new entrants, but once the government had taken the decision the number of people viewing property in Andorra rose again.
But now Andorra has decided for the first time to introduce income tax - why and could this mean the end of Europe's most accessible tax haven?...
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