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Europe Daily Bulletin No. 10737

24 November 2012
ECONOMY - FINANCE - BUSINESS / (ae) taxation
Bundesrat rejects Rübik deal with Switzerland

Brussels, 23/11/2012 (Agence Europe) - On Friday 23 November, under pressure from opposition parties SPD and die Grünen, the upper house of the German parliament, the Bundesrat, rejected the Rubik-type double taxation deal signed in August 2011 between the German government and the Swiss government (see EUROPE 10450), which was supposed to come into force (after ratification) in January 2013. The agreement introduced taxation at source of between 21% and 41% on savings deposited in Swiss...

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