There is no consensus on whether Andorra is a tax haven or not . The European Union and the Organization for Economic Cooperation and Development – OECD do not consider Andorra as a fiscal paradise since 2018 .
On the contrary, the NGO Oxfam International keeps Andorra on the list of 73 countries considered tax havens due to low tax pressure, and in detail lower percentage of revenue contributed to the state to the GDP (Gross Domestic Product). Pyrenean micro-state remains an important financial haven thanks to significantly lower taxes than neighboring countries.
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