Mercoledì, 19 Settembre 2018
BERN

Switzerland, Italy near bilateral tax accord

English
© ANSA

Bern, November 19 - A Swiss diplomat familiar with
negotiations said on Monday that Italy and Switzerland were
close to reaching a cross-border deal that may help discourage
Italian tax evaders holding money in Swiss bank accounts.
The agreement would mean funds in Swiss bank accounts would
pay capital gains tax at a rate similar to that of the funds'
country of origin, but the clients who have those accounts would
keep their anonymity.
"We are confident in finding an agreement by the end of
autumn, by December 21," said Oscar Knapp, an international
finance representative for the Swiss government.
The agreement with Italy is modeled on bilateral agreements
reached between Switzerland and three other countries - Germany,
Austria and the United Kingdom.

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