Monaco signed its 12th tax agreement this morning.

Just one week before the G20 summit in Pittsburgh, Monaco and Liechtenstein have signed a tax agreement. This most recent agreement takes the total to 12, some relating to the exchange of tax information, others to double taxation. In addition, 4 accords are in the final stages of being signed with Greenland, the Faroe Islands, Norway and Germany.

The Principality has been working hard since April to enter into agreements with a dozen countries, and should now satisfy the OECD's conditions for removal from its list of uncooperative tax havens.