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Image header Agence Europe
Europe Daily Bulletin No. 10590
ECONOMY - FINANCE - BUSINESS / (ae) taxation

Germany and Switzerland agree to tighten up Rubik deal

Brussels, 05/04/2012 (Agence Europe) - On Thursday 5 April 2012, Switzerland and Germany signed an agreement to tighten up the tax recuperation agreement of August 2011 whereby Switzerland will make a one-off payment to cover lost tax income for Germany. German taxpayers with deposits in Switzerland will have to pay between 21% and 41% on their savings, rather than the initially agreed 19% to 34%. From 2013 onwards, they will have to pay the same rate of tax as in Germany (26.4 %) to...

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