Switzerland Signs Schengen, Savings Tax Agreements
The European Commission on Tuesday announced that Switzerland had signed nine
bilateral agreements with the EU at a ceremony in Luxembourg attended by Swiss
President Joseph Deiss and Foreign Minister Micheline Calmy-Rey. The agreements concerned: the taxation of savings; co-operation in the fight
against fraud; the association of Switzerland to the Schengen acquis; participation
of Switzerland in the “Dublin” and “Eurodac” regulations; trade in processed
agricultural products; Swiss participation in the European Environment Agency
and European Environment Information & Observation Network (EIONET); statistical
co-operation; Swiss participation in the Media plus and Media training programs;
and the avoidance of double taxation for pensioners of the Community institutions.
A protocol to the existing agreement on the free movement of persons was also
signed, extending the agreement to the new EU Member States. A comprehensive report on the OECD, FATF and other 'offshore' initiatives, including the EU's Savings Tax Directive, is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop/
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