Financial Transparency Coalition

The Swiss government is about to conclude new tax deals with Germany and the UK. As was reported on the Task Force blog recently, and updated on the Tax Justice Blog, the Swiss withholding tax proposal poses a major threat to the EU's struggle for tax transparency.  In the meantime, reliable Swiss sources have revealed further details of the impending deals. 1. Germany and the UK will no longer require their citizens to declare their Swiss income. It's noteworthy that under the bilateral Swiss-EU Savings Tax Agreement, in force since 2005, Switzerland already charges a withholding tax (currently 35%)...