Brussels, 13/04/2012 (Agence Europe) - On Friday 13 April, Austria signed a tax deal with Switzerland whereby Austrian residents with savings in Switzerland will be charged between 15% and 38% tax on their current savings, along with a 25% tax (deducted at source) on future savings.
Under the deal, Austrian taxpayers will be able to choose to either declare their Swiss savings to the Austrian tax office or have 25% tax deducted at source by Swiss banks, which will send the revenue to...