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Out of the doghouse.

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Vincent
Fonction NEWS

With the flourish of a pen, Switzerland is off the OECD's notorious "grey list", according to a statement released by the Federal Department of Finance.

The "grey list"--composed of countries that are considered tax oases, but that have also declared they will accept the OECD's tax regulations and are in the process of doing so--dropped Switzerland when President Hans-Rudolf Merz and the prime minster of Qatar Sheikh Hamad bin Jassim bin Jabr Al-Thani signed a new double taxation agreement with respect to taxes on income.

To get off the list, Switzerland first had to implement double taxation agreements (DTAs) with 12 countries, based on the pact the Alpine nation made with the OECD in March. Thus far, agreements with Denmark, Luxembourg...

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