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End of banking secrecy within European Union scheduled in a couple of months

In a recent interview Laszlo Kovacs confirmed that banking secrecy should be given up in a couple of months.

Algirdas Semeta, who is his sucessor, will go on the same policy as him.

13:58 Posted in General | Permalink | Comments (1)

Rule of law v. rule of law

Dow Jones has reported that confidential files that an informant may be offering for sale to Germany's government files that may contain information on 1,500 German taxpayers using Swiss bank accounts to avoid taxes.

"We would consider it rather delicate for a state operating under the rule of law to make use of illegally obtained data," Doris Leuthard told Swiss media at the sidelines of the World Economic Forum in Davos.

Who started ?

Banks that accepted money from foreign taxpayers that did not pay their taxes definitely did not operate under the rule of law of foreign jurisdictions to make use of illegally accepted money.

13:38 Posted in Switzerland | Permalink | Comments (0)


European Union (EU) Tax Commissioner-designate Algirdas Semeta has urged member states to increase pressure on Austria and Luxembourg to sign the anti-fraud agreement with Liechtenstein

During a recent EU parliamentary committee meeting, the designated Tax Commissioner emphasized the fact that there are still member states within the EU who continue to oppose the agreement.

Given that the anti-fraud agreement with Liechtenstein is expected to serve as a model for the negotiation of further agreements with other countries, such as Switzerland and Monaco, it is imperative that the agreement is signed and sealed, he continued.

Source: Tax news

05:17 Posted in General | Permalink | Comments (0)

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