Liberia: Govt, Australia Sign Tax Information Exchange Agreement

The Governments of Australia and Liberia have signed a landmark tax agreement that will assist both governments in preventing off-shore tax avoidance and evasion. According to a release from the Media Services Unit of the Ministry of Finance ,Australia's Ambassador to Liberia , HE William Williams signed the Tax Information Exchange Agreement (TIEA) on behalf of the Government of Australia while Finance Minister, Augustine Kpehe Ngafuan signed on behalf of the Government of Liberia. The ceremony took place in Monrovia, at the Ministry of Finance Conference Room, late Thursday evening, August 11, 2011. Finance Minister Augustine Kpehe Ngafuan is brief statement highlighted the growth of the relationship between the Governments of Liberia and Australia since October 2008 when President Johnson-Sirleaf met the then Australian Prime Minister Kevin Rudd in Washington DC, USA to discuss issues relating to the establishment of diplomatic and economic relations.