Italy And Switzerland Consider Resumption Of DTA Talks
Tuesday, March 2, 2010
A joint declaration from the recent Italian-Swiss inter-parliamentary delegation
hoped for a resumption, as soon as possible, in negotiations for the new double
taxation agreement (DTA) between Italy and Switzerland.
Negotiations on the revision of the DTA, the final two rounds of which took
place in July and September 2009, were suspended in November last year. This
followed the Italian Revenue Agency’s investigation of the Italian offices
of Swiss financial institutions, and Italy’s continued maintenance of
Switzerland on the “black list” within its current tax amnesty,
due to the lack of tax information exchange between the two countries.
The inter-parliamentary meeting, the third held between the two countries following
those of 2005 and 2007, called for the DTA negotiations to be restarted with
respect to a mutual interest in tax transparency.
In a spirit of bilateral collaboration, the delegation looked for a withdrawal
of Switzerland from Italy’s “black list” given that Switzerland
has also regularized its position with the Organisation for Economic Co-operation
Finally, the declaration drew attention to the problems being experienced by
many people on the borders between the two countries, who live in Italy and
work in Switzerland. Care should be taken, it said, that capital accumulated
by them under compulsory pension arrangements in Switzerland should not remain