Swiss Tax Deals Pass First Parliamentary Hurdle

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 6 hours ago | Monday, May 21, 2012

Passing the first important hurdle, the Swiss Committee for Economic Affairs and Taxation in the Council of States, or upper house of parliament, recently voted in favour of the withholding tax agreements with Germany, the UK, and Austria. Read Full Story

Luxembourg Defends Savings Tax Opposition

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 6 hours ago | Monday, May 21, 2012

During the recent European Union Economic and Financial Affairs Council meeting in Brussels, Luxembourg’s Finance Minister Luc Frieden defended his decision to block the European Commission’s plans to negotiate new and stronger savings tax agreements with third countries, insisting that given recent developments, the automatic exchange of tax information is not necessarily the only solution to combating tax evasion. Read Full Story

Austria, Luxembourg Block EU Savings Tax Proposals

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 18, 2012

Much to the deep annoyance and extreme frustration of European Union Tax Commissioner Algirdas Semeta, Austria and Luxembourg have blocked the European Commission’s plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco, Liechtenstein, Andorra and San Marino, aimed at strengthening cooperation in tax matters. Read Full Story

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