Considerations on COM(2009)648 - Conclusion of the Cooperation Agreement with Liechtenstein to combat fraud and any other illegal activity to the detriment of their financial interests and to ensure exchange of information on tax matters

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dossier COM(2009)648 - Conclusion of the Cooperation Agreement with Liechtenstein to combat fraud and any other illegal activity to the detriment ...
document COM(2009)648 EN
date November 23, 2009
 
(1) On 7 November 2006, the Council authorised the Commission to negotiate with the Principality of Liechtenstein an Agreement to counter fraud and all other illegal activities to the detriment of public financial interests, including the resources and expenditures, in particular grants and taxes and the Council asked, on 10 February 2009, to include all necessary changes to ensure effective administrative assistance and access to information with regard to all forms of investments, in particular foundations and trusts.

(2) In accordance with Council Decision […/…]/ of , and subject to its conclusion at a later date, the Agreement was signed on behalf of the European Union on .

(3) In accordance with Article 17(1) of the Treaty on European Union, the Commission shall represent the Union in the Joint Committee established by the Cooperation Agreement. The positions to be adopted on the Union’s behalf when the Joint Committee is called upon to adopt acts having legal effects, will be established in accordance with Article 218(9) of the Treaty on the Functioning of the European Union.

(4) The Agreement should be approved.