Bloomberg News

UBS's Weber Sees Germany Approving Swiss Tax Treaty, NZZ

May 06, 2012

Germany’s upper house will ratify a tax treaty with Switzerland, UBS AG (UBSN) Chairman Axel Weber told Swiss newspaper NZZ am Sonntag in an interview published today.

Germany and Switzerland last month signed an amended tax treaty including a withholding tax to end a decades-long dispute over tax evasion. The accord still needs approval by Germany’s upper house, where Social Democrats and Greens have voiced opposition.

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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