"Grey list" prompts latest double taxation deal
The Swiss government has initialled a double taxation agreement with Qatar – in a move that takes Switzerland a step closer to being removed from a tax haven "grey list".
The finance ministry said it was the 13th such accord, and the first time one had been initialled with a country outside the Organisation for Economic Co-operation and Development (OECD), which drew up the list of uncooperative tax havens.
In a statement, the finance ministry said the double taxation agreement "contains solutions which are favourable for developing bilateral economic relations".
To be removed from the grey list, at least 12 of the initialled accords, based on the OECD standard on administrative assistance, will have to be signed.
The Qatar agreement follows similar deals with Denmark, Luxembourg, Norway, France, Mexico, the United States, Japan, the Netherlands, Poland, Britain, Austria and Finland.
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