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Switzerland escapes EU tax blacklist - but only just

National News // Dec. 6, 2017

Switzerland has been placed on a ‘grey list’ of countries deemed to be only partially compliant on tax transparency.

Pixabay Switzerland escapes EU tax blacklist - but only just

It has escaped the ‘black list’ which was feared after voters rejected tax reforms earlier this year.

Although the country has essentially abolished banking secrecy – there are still concerns over the practice of allowing corporations to book profits made abroad at significantly lower rates than other countries.

The government is now working to bring a new proposal to the people. In the last vote, the public were concerned companies would benefit at the expense of the individual. 

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