Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

EU, Switzerland reach deal on offshore tax fraud

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-14-04 11:01 PM
Original message
EU, Switzerland reach deal on offshore tax fraud
AFP , BRUSSELS
Saturday, May 15, 2004,Page 12

The EU on Thursday cleared the path to a long-awaited deal with Switzerland on offshore tax fraud that will in return see the Alpine state join the bloc's passport-free zone, officials said.

Ambassadors from the 25 EU member states, meeting at weekly talks, agreed on a compromise on the savings-tax accord to win the backing of Luxembourg, which is keen to protect its own lucrative banking industry.

The deal is set to be formally adopted by foreign ministers on Monday and signed at an EU-Switzerland summit on Wednesday, finally enabling the bloc to implement its new tax rules after nearly a decade of talks.

"Basically all of the outstanding issues have been agreed and we will hold the summit in Brussels on May 19," a spokesman for the EU's Irish presidency said.

http://www.taipeitimes.com/News/worldbiz/archives/2004/...
Printer Friendly | Permalink |  | Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC