Arab Today, arab today julius baer chief sees usswiss tax deal in few months
Last Updated : GMT 06:36:39
Arab Today, arab today
Arab Today, arab today

Julius Baer chief sees US-Swiss tax deal in few months

Arab Today, arab today

Arab Today, arab today Julius Baer chief sees US-Swiss tax deal in few months

Geneva - AFP

Bern and Washington could arrive within the next three or six months at a deal to regularise assets hidden by American taxpayers in Swiss banks, Julius Baer boss Boris Collardi said Saturday. "We are coming to an important phase of the negotiations. We should have, I hope, a deal in the next three to six months," Collardi, chief executive of the private bank, told the daily Le Temps. He added that both parties are "not at war, but there are fundamental differences in opinion, interpretation and approach to regularise the past. It's a process that takes time." US tax authorities have been putting pressure on Swiss banks to release information about their American clients. Julius Baer is among 11 Swiss banks currently under investigation for allegedly helping Americans to evade taxes. Collardi was meanwhile skeptical about calls by the Swiss export industry on the Swiss central bank to raise a floor for the franc against the euro. Asked whether it would be better if the central bank were to weaken the franc further to 1.30 against the euro, rather than the current 1.20, Collardi said: "Not really." "It's not so simple. To what level should we raise the peg? In the short term, it's possible and it could make life easier for everyone. "But in the medium term, maybe it is necessary to adapt to a rate of 1.20 or 1.25 and to adjust our competitivity. I'm divided on this," he said. In September, the central bank set a floor of 1.20 for the Swiss franc against the euro in order to shed the Swiss currency's safe haven status which was biting into exporters' earnings.

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 julius baer chief sees usswiss tax deal in few months Arab Today, arab today julius baer chief sees usswiss tax deal in few months

 



Arab Today, arab today
Arab Today, arab today Accessories designer reveals her new collection

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
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 Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
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