Friday 8 June 2012

Euro Crises Boost For Tax Haven

There are reports in the media this week that both Greek and Spanish citizens are holding back taxes while their respective countries face up to further bailouts and austerity measures, with many taking the view that they can spend and save their money better than their governments.

Something a lot of people would have sympathy with we suspect.

Meanwhile the weakness of the Euro has boosted interest in taking up residency in Andorra, which is located between Spain and France, according to this Andorra information site.

Property buyers from the UK, Canada and Australia are looking at buying property in Andorra, which is a quarter of the price of Monaco's real real estate but offers the same tax benefits.

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