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07 Jun 2004
The decision means the Swiss have joined Austria, Belgium, Luxembourg, Andorra, Liechtenstein, Monaco and San Marino in imposing withholding taxes rather than change their laws on banking secrecy.
A meeting of the EU Council of Finance Ministers has now ruled the agreed EU Savings Tax Directive can be implemented, although negotiations are still required with Switzerland over the timing.
Ministers want it in force by 1 January, but the Swiss government plans a referendum to ratify its decision.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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