German-Swiss tax deal thrown out

  • 11 years ago
Germany's Bundesrat, the country's upper house has thrown out a deal with Switzerland to tax assets stashed by Germans in Swiss bank accounts.

It is seen as a blow to Chancellor Angela Merkel who had hoped the agreement would be in place by 2013.

It was rejected by states run by the opposition Greens and Social Democrats despite an appeal by German Finance Minister Wolfgang Schaeuble.
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http://www.euronews.net/

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