Luxembourg says removed from tax haven “grey list”

July 8, 2009

Luxembourg Treasury Minister Luc Frieden     LUXEMBOURG, July 8 (Reuters) – Luxembourg has been removed from a “grey list” of countries seen by the OECD as lacking financial transparency, Budget Minister Luc Frieden said on Wednesday.
   “As of this afternoon Luxembourg will be on the OECD tax haven white list,” Frieden told a news conference. 
   The Paris-based Organisation for Economic Cooperation and Development had placed Luxembourg on the so-called grey list of coutries that have agreed to improve transparency standards but have not yet signed the necessary international accords.
 (Reporting by Michele Sinner, writing by Antonia van de Velde) ((; Reuters Messaging:; +32 2 287 6810, fax +32 2 230 7710))
Wednesday, 08 July 2009 11:17:08RTRS [nBRE003582] {C}ENDS

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