TaxAdministrationEU pushes hard for Swiss tax deal

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.

Link: Resolution of Swiss tax dispute draws nearer

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.

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