EU, France Ink Tax Exchange Agreement For St. Barts

Law360, New York (February 18, 2014, 2:04 PM EST) -- The European Union and France inked an agreement Monday ensuring that popular vacation spot St. Barthelemy will continue to be governed by the EU’s tax transparency and exchange legislation after the island transitioned from an outermost region of France to an overseas territory.

St. Barts will continue to fall under the EU’s Savings Directive and its Administrative Cooperation Directive, and any amendments to the legislation will apply in St. Barts, according to the agreement, which was signed by Yannis Stournaras, president of the EU’s Economic and...
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