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Monday, August 29, 2011

'France avoids Swiss tax deal – for now'

from swiss.info........

"Switzerland may have struck deals with Britain and Germany to tax money held by their residents in Swiss bank accounts, but France is digging in its heels.

The French budget minister says France has not excluded a similar accord, but observers say reasons of principle and electoral pressures are preventing them from inking a deal.

So far Paris has resisted the Swiss “Rubik” project. And there is no question of giving up the fight against tax evasion – at least not for the moment.

But the Swiss offer is a tempting one: several billion euros - maybe not for this year but at least for 2013 – at a time when France is struggling to boost revenue and fill empty coffers"............READ MORE

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