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This article was published on February 23, 2015 at 16:07.
The last change is the February 23, 2015 at 16:48.
The Minister of Economy and Finance, Pier Carlo Padoan and the head of the Federal Department of finances of the Swiss Confederation, Eveline Widmer-Schlumpf, signed in Prefecture in Milan the Protocol between Italy and Switzerland in tax matters.
The agreement actually sets the conditions for the end of bank secrecy between the two countries and allows Switzerland to get out of the black-list-tax financial allowing taxpayers Italians wishing to make use of voluntary disclosure to qualify for better conditions in terms of years to heal and charges to be incurred. In addition to the protocol the two ministers signed a “road map” for the continuation of the dialogue between the two countries in the field of taxation and finance.
Signed two texts
“The agreement signed today is a very important step forward in relations between the two countries – said Padoan – the result of a job that lasted a long time, that was complex and difficult but in the end has come with full success. It cost a euro – added with a joke – but I can say with certainty that will lead to more revenue for a euro. ” In detail were signed two texts: one legal, which covers the exchange of information, and one politician, a roadmap setting out the path of negotiations on issues relating to the border and Campione d’Italy.
Thursday the agreement with Liechtenstein
Italy, announced the Minister, will sign Thursday an agreement with Liechtenstein, similar to the one signed today with Switzerland on access to the data bank of Italian citizens. The agreement will be signed before the end of March 2 fixed by law to adhere to the voluntary disclosure.
Information on request of the Revenue
The agreement amendment the bilateral treaty to avoid double taxation and allows the exchange of financial information at the request of the Revenue, even for a single taxpayer. Weapon more effective than the automatic exchange of information to which Switzerland will adapt based on a current negotiations with the EU.
The signing of the agreement with Switzerland, “after a very tough negotiation but important because it eliminates all barriers to information marks the end of banking secrecy, “Padoan said in recent days. “The countries that adhere cut down the chance to have a banking secrecy, is a utualizzazione of information.”
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