Tax Deal with Switzerland in Doubt

PoliticsDomestic ♦ Published: August 13, 2012; 17:44 ♦ (Vindobona)

After a CD containing data of foreign tax evaders was bought by German authorities, Switzerland may hold a popular vote on the tax deal with Austria.

Tax Deal with Switzerland in Doubt / Picture: © Swiss and Austrian crossed flags by Vindobona

The bilateral tax treaty should bring Austria up to € 1.0bn After the treaty is signed and ratified, a popular vote may prevent the deal now. For Austria, this would mean a loss of tax intake of more than € 1.0bn. In Switzerland, the young socialists and a citizens forum want to hold a popular vote on the tax treaty.

Until September 27, the opponents of the tax deal between…