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Austrian Tax Deal with Switzerland Wobbles
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The citizens´ movement in Switzerland has collected enough signatures in order to hold a popular vote on the tax deal with Austria.
Austrian Tax Deal with Switzerland Wobbles / Picture: © Swiss and Austrian crossed flags by Vindobona
In April, Switzerland and Austria agreed on a common tax treaty to prevent tax evasion by Austrian nationals holding accounts with Swiss banks. For the Swiss Finance Minister Widmer-Schlumpf, the treaty is crucial for the Swiss financial centre. “We do not want to have illegal assets at Swiss banks anymore.” It is expected that Austrians have assets worth € 12bn to € 25bn in…
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