EU pushes hard for Swiss tax deal
The European Union will make a last-ditch effort to persuade Switzerland to end a dispute over new rules for savings taxation.
European finance ministers agreed to pressurise Berne into accepting a compromise deal and so end a 12-month long stalemate on the rules.
It moves the EU a step closer to implementing an EU-wide regime to tax non-residents’ savings, an issue which has divided governments for over a decade.
EU diplomats say they are confident that a deal is close, but it is still subject to further concessions from the Swiss. ‘The mood has changed, we are now confident of a deal,’ a diplomat told the FT.