Switzerland says tax deal up to Germany now

Last Updated: Thursday, March 29, 2012 - 21:11

Geneva: Officials in Switzerland have proposed changes to a tax accord with Germany in a race to get it approved in Berlin in the coming days so that it can come into force this year.

A spokesman for the Swiss Federal Finance Department says accepting the proposals could allow the two sides to amend an existing treaty and end a long-running dispute over tax evasion.

Roland Meier said that "time is of the essence if the treaty is meant to come into force this year."

He declined to comment on Swiss and German media reports claiming that Bern has offered to increase the charge Germans would have to pay to legalise money hidden in Swiss bank accounts.

Zurich's Tages-Anzeiger reported on Thursday the top rate would rise to 41 percent from 34 percent.


First Published: Thursday, March 29, 2012 - 21:11

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