ZURICH (AFP) – The Swiss and German governments are to sign an agreement early next month putting an end to a long-running dispute over tax evasion by Germans who keep secret Swiss bank accounts, a report said on Sunday.
According to the Sonntagszeitung newspaper, the two sides will ink an agreement on August 10 which will allow for income from dividends and interest on funds deposited in Swiss accounts to be taxed, the newspaper said.
Although the exact tax rate has still to be finalised it is likely to amount to around 25-26 percent, the report added.
While the German press reported recently that the Swiss banks could have to pay 10 billion euros to the German tax authorities in compensation for tax evasion over the last decade, the actual sum would be around two billion Swiss francs (1.8 billion euros/$2.5 billion) under the accord, Sonntagszeitung said.
Such an agreement would not only allow
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