Schäuble defends tax accord with Switzerland
German Finance Minister Wolfgang Schäuble says the accord to start negotiations with Switzerland on tax matters is “in the interest of Europe”.
This content was published on October 29, 2010 - 13:47In an interview with the Neue Zürcher Zeitung newspaper of Zurich on Friday, Schäuble said the agreement could contribute to solving the dispute within the European Union over an automatic exchange of information on tax matters.
Schäuble and his Swiss counterpart Hans-Rudolf Merz signed a deal on Wednesday to begin formal talks in 2011 aimed at legalising undeclared assets in Swiss bank accounts.
In the interview, Schäuble said the fact that Britain had signed a similar deal showed that “there are others in Europe who do not consider it fundamentally wrong to have developed and signed [such an accord] with Switzerland”.
He believed the effect of the agreement would be comparable to an automatic exchange of information.
Luxembourg and Austria have refused to introduce an automatic exchange arguing that non-EU member Switzerland does not have similar regulations.
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
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.