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Tax Treaty: Conflict with EU

Published: March 7, 2012; 17:33 · (Vindobona)

The EU rejects Austrian tax treaty plans with Switzerland. Austria insists on the bilateral agreement.

Tax Treaty: Conflict with EU / Picture: © Swiss and Austrian crossed flags by Vindobona

EU Commissioner Semeta opposes a bilateral tax treaty between Austria and Switzerland. On the occasion of the austerity package, the Austrian government plans to impose taxes on illegal funds deposited by Austrian nationals in Switzerland. The Austrian government expects funds of € 20bn. However, for market observers, this volume is unrealistic. Anyway, additional tax intake of €…

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