The Swiss-UK Tax Cooperation Agreement is the second of this type signed by Switzerland. It follows the pattern of the Swiss-German agreement signed on 21st September 2011.
The Swiss-UK agreement is clearly less attractive than the Liechtenstein Disclosure Facility; this can be seen as a complementary option for “relevant persons” to obtain a better deal by moving some of their “relevant assets” to Liechtenstein.
Despite some indications that other countries, such as Greece and Italy, have shown interest to sign similar cooperation tax agreements with Switzerland, it should be pointed out that the two agreements already signed have not been perceived with great enthusiasm by the public and some professional milieu in the UK and in Germany. In any case, they still have to undergo the parliamentary approval.
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