Bloomberg News

Swiss Banks to Pay Germany Over $2.2 Billion, 24 Heures Says

April 13, 2012

Swiss banks will probably pay more than the 2 billion Swiss francs ($2.2 billion) they have already committed to paying Germany as part of a tax accord, 24 Heures reported, citing Swiss Finance Minister Eveline Widmer-Schlumpf.

Switzerland is trying to restart tax talks with Italy, Widmer-Schlumpf said in an interview with the newspaper. While there was contact with French Finance Minister Francois Baroin over the winter, tax negotiations with France will have to wait until after the presidential election, 24 Heures reported.

To contact the reporter on this story: Dermot Doherty in Geneva, Switzerland, via ddoherty9@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net


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