Navigation

Cabinet vows support for Ticino in tax amnesty

The Swiss cabinet has assured the Ticino cantonal government of its backing during Italy’s current tax amnesty.

This content was published on March 5, 2010 - 21:21

In a letter to the Ticino authorities the cabinet noted that it had taken a series of measures to counter action by the Italian authorities against the Ticino financial centre.

Steps included appointing a politician to handle tax matters with Italy, summoning the Italian ambassador over raids at Swiss banks, and suspending revision of tax accords with its southern neighbour.

Italy has a tax amnesty underway aimed at repatriating hidden funds back home. So far it has found that more than two-thirds of the assets and capital hidden by Italians abroad and declared in the amnesty were held in Switzerland.

In response to a request by the Ticino government, the cabinet checked whether Italy broke Schengen border rules by placing cameras at the border to track cars moving between the two countries. The cabinet found that the surveillance cameras were not a method of systematically watching people but measures for fighting against international crime, and so were not against the Schengen border code.

swissinfo.ch

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?