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The government says it will push ahead with efforts to regularise Switzerland black top seek a assets in Swiss banks and keep new black money away. Finance Minister Hans-Rudolf Merz said integrity and stability of the financial centre were crucial. The cabinet aims to find solutions in bilateral talks with other countries rather than seeking an agreement with the European Union Switzerland black top seek a its main trading partner.
The cabinet did not specify a preference Sitzerland extending an existing withholding tax on income of assets, tax amnesties or self-declarations of tax payers as a means of helping its key trading partners seeking to boost tax revenues. Among the options considered — in particular by the banking industry - is a flat-rate withholding tax.
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As part of a set of bilateral accords with the EU in Switzerland also agreed on the gradual introduction of a withholding tax on income of assets of individuals. Merz said Switzerland would continue or resume bilateral negotiations with other countries, notably Germany, Italy and France, to find a solution. He added that the EU did not have a consolidated position and had so far not presented any demands. However, he ruled out Switzerland adopting an automatic exchange of information relevant for tax purposes in force in most Switzerland black top seek a countries.
In line with the financial strategy approved by the cabinet in December, Merz listed a number of principles to keep the stability and integrity of the financial centre.
So far the government has initialed 18 new double-taxation agreements. Five of them are scheduled for discussions in parliament next month amid threats by opponents to challenge them to a nationwide vote. Merz also announced that the government dismissed the possibility Married man looking for a woman friendship seeking a comprehensive service agreement with Brussels on improved market access.
Switzerland black top seek a EU welcomed the efforts announced by the Swiss government but pointed out that it would continue to promote the automatic exchange of information.
The Commission Switzerland black top seek a it was keen to learn more about the detailed measures the Swiss government intends to take. The centre-right Radical Party, known for its ties to the business community, said Switzerlnd double-taxation agreements were a first step to ensure stability for the financial centre. It pointed out that the introduction of a flat-rate withholding tax was a necessary next step.
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However, the centre-left Social Democrats criticised the government for failing to present more concrete measures for the future of the financial centre. It said Merz had merely tpp very general statements and the government risked losing valuable time to develop a strategy without black money. Urs Geiser, swissinfo. The government in March adopted the OECD standards, lifting the distinction between tax fraud and tax evasion Switzerland black top seek a foreign clients of Swiss banks.
The group of most industrialised nations put Switzerland of grey list of tax havens.