On the eve of the tax conference organised by France and Germany in Berlin, Swiss President and Finance Minister Hans-Rudolf Merz and German Finance Minister Peer Steinbrück met for talks on a new Double Taxation Agreement (DTA).
According to Roland Meier from the Swiss Finance Department, an application requesting revision of the existing agreement has been submitted by Germany.
Although a precise timeframe for negotiations between the two countries has, as yet, not been established, Michael-Alexander Köhler, a spokesman from the German Finance Ministry, has revealed that exploratory talks are due to take place in the coming weeks.
Eager to see Switzerland’s name withdrawn from the OECD’s “grey list” as quickly as possible, Swiss President Merz is determined to conclude at least twelve new DTAs by the end of the year.
Switzerland has so far initialled new DTAs with six countries, including the US and France. Based on the OECD model, these DTAs provide for greater cooperation in tax matters between authorities.
At the request of the French and German Finance Ministers, Eric Woerth and Peer Steinbrück, twenty EU and OECD member states will gather together at the meeting this week to discuss further measures in the on-going fight against tax evasion. Building on an initial meeting held in Paris in October last year, the aim of this conference is to outline measures designed to tackle countries still failing to cooperate in tax matters.
Despite a softening of relations, Switzerland will remain under close scrutiny as President Merz endeavours to defend the efforts made by his country since agreeing to comply with the OECD requirements in March.
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