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Image header Agence Europe
Europe Daily Bulletin No. 10592
ECONOMY - FINANCE / (ae) taxation

New tax agreement in jeopardy?

Brussels, 11/04/2012 (Agence Europe) - The 5 April savings tax agreement between Switzerland and Germany (see EUROPE 10590), with tougher taxation of cash deposited in Switzerland by German taxpayers while allowing them to keep their bank accounts secret from the German tax authorities, has been severely criticised ahead of ratification by the parliaments of the two countries. It is unlikely that Germany will ratify it under the present circumstances, which will give the European Commission...

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