Arab Today, arab today germanswiss tax agreement nearly dead
Last Updated : GMT 13:22:57
Arab Today, arab today
Arab Today, arab today

German-Swiss tax agreement nearly dead

Arab Today, arab today

Arab Today, arab today German-Swiss tax agreement nearly dead

Frankfurt - DW

A tax agreement negotiated between the governments of Germany and Switzerland has almost no chance of passing the upper house of parliament in Berlin next week. A final round of talks has failed. Swiss efforts to convince Germany\'s states of a bilateral draft tax agreement between Bern and Berlin amounted to nothing on Thursday when the southern German state of Baden-Württemberg rejected the federal government-negotiated accord lock, stock and barrel after a final round of talks with Swiss officials. \"The agreement brokered by the federal government is not acceptable to us,\" Baden-Württemberg\'s coalition of Greens and Social Democrats said in a statement in Stuttgart, thus joining other states which have been against the proposed deal and making approval by the upper house of parliament next week extremely unlikely. States run by the Greens and Social Democrats have argued the bilateral tax agreement would leave too many loopholes for German tax evaders placing their money in Swiss bank accounts. Revealing the weak spots The tax accord was to come into effect on January 1, 2013, and would have obliged Swiss banks to collect tax from German investors and transfer it to Germany, with the emphasis being on levying a tax of between 21 and 41 percent on illicit earnings, depending on how long the money has already been in Swiss bank accounts. But critics of the deal have argues that the agreement does not go far enough as the names of German tax evaders would not have to be revealed by Swiss lenders. They\'ve also maintained that with that scope of anonymity still in place, evaders could potentially remain just that by shifting their deposits to other tax havens. Baden-Württemberg\'s regional government also appeared resolved to overturn the draft agreement because recent investigations by a regional court in Mannheim had found that staff from the Swiss lender UBS had actively helped Germans transfer their untaxed money to Switzerland. \"It has to be clear to Swiss banks that they can\'t make any more money out of tax evasion in Germany,\" Baden-Württemberg\'s Finance Minister Nils Schmid told reporters.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germanswiss tax agreement nearly dead Arab Today, arab today germanswiss tax agreement nearly dead

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germanswiss tax agreement nearly dead Arab Today, arab today germanswiss tax agreement nearly dead

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday