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| Swiss-German Tax Talks Resume |
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 12, 2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael
Ambühl, Head of the State Secretariat for International Financial Matters
(SIF) in the Federal Department of Finance (FDF), met with representatives of
Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas
on current financial and tax policy issues.
In talks with his German counterparts, State Secretary Ambühl explained
the Swiss Federal Council's new financial centre strategy, and in particular,
discussed the ongoing negotiations regarding a new double taxation agreement
between the two countries, market access issues and the purchase of stolen bank
data by Germany.
According to the Swiss Federal Administration, both delegations affirmed that
the postponed meeting between Swiss Finance Minister Hans-Rudolf Merz and German
Finance Minister Wolfgang Schäuble should be quickly rescheduled.
This was also the inaugural visit of State Secretary Michael Ambühl, who
assumed office as Head of the FDF's newly created State Secretariat for International
Financial Matters (SIF) on March 1.
Led by Michael Ambühl, the SIF reports directly to the Head of the FDF.
It is responsible for the coordination and strategic management of international
financial, monetary and tax matters, and represents Switzerland's interests
abroad in these areas.
The State Secretariat's duties also include drafting basic principles on financial
market policy and financial market regulation, as well as actively participating
in international efforts to combat financial crime.
A comprehensive report in our Intelligence Report series,
examining in depth the situation of offshore transparency and secrecy in a number
of the most prominent jurisdictions, is available in the Lowtax Library at
http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report2.asp
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FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
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