Europe

Andorra To Introduce Income Tax

Tax haven under pressure from neighbors

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Andorra is to introduce a tax on personal income for the first time as it faces pressure from the its European neighbours to tackle tax evasion.

Antoni Marti, the head of the Andorran government, told French President Francois Hollande that he will introduce a bill before 30 June.

The principality will "gradually meet international tax standards", according to the office of the French president.