Common Contracts
2 similar Tax Agreement contracts
Rubik Agreement between Switzerland and Germany – Milestone or Selling of Indulgences?Tax Agreement • September 9th, 2021
On 21 September 2011, Germany and Switzerland finally signed an agreement on the future tax treatment of capital investment income and the treatment of previously undeclared funds ("the Agreement")2. The Agreement is the result of prolonged negotiations, including incidents of undignified accusations between the two states. One particularly unforgettable incident involved a threat by the former German Minister of Finance to bring out the Cavalry against the Swiss. This was at a time when CD-‐ROMs with stolen Swiss banking data were one of the best selling items on the international market. The Agreement meets the desire of Germany and Switzerland to strengthen their fiscal relations and demonstrates their willingness to intensify their cooperation in the area of taxation and financial services. Under the Agreement, Switzerland will levy a final withholding tax on capital investment income comparable to the German final flat income tax on investment income3 4. In this respect, the scop
Rubik Agreement between Switzerland and Germany – Milestone or Selling of Indulgences?Tax Agreement • February 13th, 2012
On 21 September 2011, Germany and Switzerland finally signed an agreement on the future tax treatment of capital investment income and the treatment of previously undeclared funds ("the Agreement")2. The Agreement is the result of prolonged negotiations, including incidents of undignified accusations between the two states. One particularly unforgettable incident involved a threat by the former German Minister of Finance to bring out the Cavalry against the Swiss. This was at a time when CD-ROMs with stolen Swiss banking data were one of the best selling items on the international market. The Agreement meets the desire of Germany and Switzerland to strengthen their fiscal relations and demonstrates their willingness to intensify their cooperation in the area of taxation and financial services. Under the Agreement, Switzerland will levy a final withholding tax on capital investment income comparable to the German final flat income tax on investment income3 4. In this respect, the scope
