EU PLANS SWISS DEAL NOW SAVINGS INFORMATION DIRECTIVE HAS BEEN APPROVED
March 15th, 2014
EUROPEAN Union (EU) member states hope to follow up this week’s (Monday) approval of an EU directive preventing savings accounts being used for tax evasion, with a similar deal with non-EU Switzerland. EU taxation Commissioner Alrgirdas Šemeta told a Brussels press briefing that the EU has already concluded two rounds of negotiations on the subject with Switzerland. An agreement on automatic exchange of information between Switzerland and EU countries is expected “by the end of the year”, said the commissioner. The directive says if an EU citizen has a ...
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