Switzerland will begin to notify foreign investors to issue information.

Organization for Economic Cooperation and Development (OECD) requires the full implementation of the unified Swiss taxation norms. To avoid being blacklisted, the Confederation shall promptly amend their legislation.

The Organisation for Economic Co-operation and Development (OECD) demands from Switzerland the fulfilment of all the conditions on tax avoidance. The Confederation needs to adapt its laws, otherwise it will appear in the blacklist.

If the federal government fully relinquish the general line of the OECD, it is already in the near future with the economic map of Europe will disappear "tax haven", the main sanctuary of millionaires around the world. Switzerland remains the only European country that does not meet even the minimum requirements for the exchange of information.

To avoid falling into one list with 13 other nations, including Panama, Liberia and Guatemala, as well as to avoid sanctions by the OECD, the Confederation has until the end of October to respond to at least one of the three mandatory requirements: clearly define the nature transmitted information to prescribe a uniform procedure for transmission and protection, as well as to limit the right of a particular customer's bank to appeal.

Federal Government is actively demonstrates officials from OECD his willingness to make contact and negotiate. Already drafted a law that reduces the timeframe for consultation and legal analysis from three to one month. The procedure itself was needed to thoroughly prepare a defense of a particular client. The Federal Council is planning to pass a law in mid-October.

Article 29 of the Swiss Constitution promises every legal protection, but it turns out that it does not apply to tax evaders. More than six months, the law that allows the Swiss tax authorities of other transfer of customer information banks. At the same time to the client is not informed that the investigation is conducted against him.

Banks also forbidden to disclose their own clients the fact of transfer of information at the official request. In case of violation of this rule, the bank will have to pay a fine of 10,000 francs. Naturally, no bank is ready to go to such waste, unless the client and its contribution to the trust can be assessed in the amount exceeding the amount of the fine.

Federal Council was trapped in a vise: on the one hand, it pressured the European and international officials and representatives of governments, and on the other, any steps towards external cooperation shaft generate criticism from native parliament.

ease with which the government agrees to make concessions, causes irritation inside the country. The most critical of right-wing parties, which seems to indicate that such laws on "excessive willingness to obey." So goes the verdict of the People's Party of Switzerland. Only leftist parties wonder why was not done more towards tax transparency.

But

OECD, which in turn is actively pushing "Big Twenty" seems ready to abandon the policy of soft pressure. The threat of sanctions - rather rigid method of influence. Although Switzerland is actually not so much worried about the prospect of minor restrictions, the country's reputation as the fall, as well as a sharp outflow of capital from local banks. Because the government and we have to balance on the edge, trying to please both sides.

Last trip

Finance Minister Eveline Widmer-Schlumpf to Moscow for preliminary meeting members of the "Big Twenty" showed how in Switzerland was a disadvantage. Representatives of the largest economies in the world openly expressed their dissatisfaction with the fact that hundreds of billions of dollars instead of staying at home, deposited in Swiss banks. Emotional, but tough it Widmer-Schlumpf although abounded bright epithets still could not influence the position of colleagues.

Do not forget that at the meeting of the "Big Twenty" Switzerland hit thanks to the special invitation of Russian presidency this year. However, instead of discussing the rosy prospects Widmer-Schlumpf had to listen to complaints and find excuses. What will be the tone of the conversation next year depends on the concessions that Switzerland will go to this.

nashagazeta.ch