Summary
Banking secrecy upheld
See the full content of this document
Extract
David: 1, Goliath: 0.
In January, the EU backed away from demands that Switzerland and three of its member states--Belgium, Austria and Luxembourg--scrap banking secrecy. It was considered a minor victory for Switzerland, which had insisted its over 60- year practice of withholding tax on domestic sources of interest and dividends was the best way to fight tax evasion and money laundering. Swiss News speaks to Urs Roth, CEO of the Swiss Banking Association, about the way Swiss Banking prepares for the future.
Swiss News: Mr. Roth, the acceptance of the Swiss model of withholding tax se...See the full content of this document
Sponsored links
