Arab Today, arab today germanswiss tax agreement nearly dead
Last Updated : GMT 08:50:52
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

 



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
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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