britain switzerland conclude tax deal
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Britain, Switzerland conclude tax deal

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Arab Today, arab today Britain, Switzerland conclude tax deal

Geneva - AFP

Switzerland and Britain have concluded a tax deal to regularise any hidden assets held by British taxpayers in the alpine state, the Swiss Finance Ministry said in a statement Wednesday. In future, investment income and capital gains arising from these assets would also be covered by a final withholding tax, at a rate of between 27 and 48 percent.  

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