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Monaco (10) -- News -- 2009
Monaco signs 12 accords to get off tax cheat list
18.09.09
Monaco has signed agreements to share tax information with 12 countries, enough to allow it to be taken off a global list of uncooperative tax havens, a top
government adviser said on Friday.
"Monaco is in a position to satisfy the international criteria that should allow our country to be put on the 'white list,'" said Franck Biancheri, adviser on foreign and financial affairs to the Mediterranean principality.
The Paris-based Organisation for Economic Cooperation and Development (OECD) earlier this year compiled a 'grey list' of uncooperative tax havens that could face sanctions including Liechtenstein, Monaco and Switzerland.
Biancheri said tax information sharing agreements had now been signed with Andorra, Austria, the Bahamas, Belgium, France, Liechtenstein, Luxembourg, Qatar, Samoa, San Marino, Saint Kitts and the United States.
The deals allow foreign tax authorities to access information about account holders in Monaco on a case-by-case basis and with strict criteria as part of a crackdown on tax cheats spurred on by the global economic crisis.
Monaco's banks hold around 75 billion euros (111 billion dollars) in deposits.
Monaco (10) -- Analyses -- 2009
Principality legalises abortion
26.04.2009
The 1st of April proved an important date in the annals of Monegasque law, heralding in a change in the constitution to allow abortions to be performed
in the Principality, but only under certain conditions. The legal proceedings to usher in the new law were made amid a heavier than usual police presence around the
parliament building.
However, no incidents were reported despite fears of disturbance from the anti-abortion quarter.
In the run up to this historic day debate on the highly sensitive topic sparked strong emotions on both sides.
The Archbishop of Monaco, Monsignor Bernard Barsi had made known his opposition to its legalisation. Unlike neighbouring France, Monaco is a Catholic, not secular, state and has a strong religious tradition. The decision is a clear indication by the state that the rights of women should be respected just as the church has a right to its opinion, and is a huge step forward for advocates of Monegasque women’s rights.
For Stephane Valeri, President of the Conseil National (ie. Monaco’s parliament), his first major responsibility since his re-election by his people last year, represented a logical evolution in the history of this modern state.
Two years ago a similar law was voted out by the Conseil National, but this time agreement was unanimous, thus securing a place for Monaco on the long list of European countries which permit a medical abortion.
Ireland is now the only European country which bans abortion totally, with no stated exceptions, even to save the life of the mother.
The result of five years work, in full consultation with the government, the new law is an evolution to protect women while ensuring that the floodgates are not opened. The legislation is carefully worded to leave no doubt as to when women can use their right to have a pregnancy medically terminated.
The cases stated are: if the life of the mother is at risk due to the pregnancy; if a prenatal diagnosis detects a serious, incurable disease in the unborn child; or if the pregnancy is as a result of rape, including cases of domestic violence.
Whether or not the new law will lead to a significant demand for abortions is yet to be seen. However, the rights of the pregnant woman is now embedded in the law.
Developing nation
Since the early 1950s, Monaco has adopted a number of social policies including social welfare support, family allowances, assistance to young married couples,
and maternity leave to promote the welfare of families and children.
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