, Oct 1, 2009 (TUR) -- (ECO) TURKISH FINANCE MINISTERY AFTER SECRET ACCOUNTS.LUXEMBOURG/ANKARA - 01.10.2009 - Turkish Finance Minister Mehmet Simsek said Thursday that thanks to the new taxation agreement signed with Luxembourg, this country was no more a safe haven 1. Designated area(s) to which noncombatants of the United States Government's responsibility and commercial vehicles and materiel may be evacuated during a domestic or other valid emergency. 2. for secret accounts of Turkish citizens, hinting that similar agreements with Switzerland and Austria were on the way. Simsek who is visiting Luxembourg, made a call to Turkish citizens to make use of the low-tax cash repatriation Repatriation The process of converting a foreign currency into the currency of one's own country. Notes: If you are American, converting British Pounds back to U.S. dollars is an example of repatriation. campaign which was extended for a limited time, urging citizens to declare their assets inside and outside the country only to pay taxes at reasonable rates. He warned those who refused to comply saying they would have to face the consequences and adding that this was the last chance for citizens who made false statements. Simsek said there used to be restrictions in Luxembourg until recently, noting that in compliance with the decisions taken in the G-20 meetings in Pittsburgh, Luxembourg agreed to exchange financial information on records, carrying the country out of the gray zone. Simsek said the new taxation agreement he signed with his Luxembourger counterpart Luc Frieden Luc Frieden (born 16 September 1963 in Esch-sur-Alzette) is a Luxembourgian politician for the Christian Social People's Party (CSV). He has been Minister for Justice and Minister for the Treasury and Budget since 1998. , amended the previous prevention of double taxation agreement with this country. "The scope of the information exchange was extended. The new agreement makes possible exchange of information on both foreign-based limited tax-payers and others not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. with the earlier agreement. It empowers us to seek bank records of all Turkish tax payers tax payer n → contribuyente m/f tax payer n → contribuable m/f tax payer n → contribuente . No more secrecy. The age of secret banking in Luxembourg is over," said Simsek. Simsek said they were planning to sign similar tax agreements with other countries who emerged out of the gray zone like Switzerland and Austria. Simsek also warned lawyers, doctors and pharmacists in Turkey, signalling that close tax scrutiny was on the way. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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