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Europe Daily Bulletin No. 7909

23 February 2001
Contents Publication in full By article 20 / 64
GENERAL NEWS / (eu) eu/switzerland/taxation
Switzerland reiterates its opposition to lifting of banking secrecy - Opening of payment at the source

Bern, 22/02/2001 (Agence Europe) - The Swiss Finance Minister, Kaspar Villiger recalled on Thursday to a group of representatives in Bern that the issue of the lifting of banking secrecy is for the Swiss people another barrier to entry into the Union. However, he recognised that the Swiss government is prepared to examine to idea of a payment at source on savings revenue of non-residents, one of the main aspects of savings taxation over which Europe must negotiate with Switzerland before the...

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