18.02.2013 - Cross-border investment income should be taxed adequately. It is for this reason that Switzerland has had a taxation of savings agreement with the EU since 1 July 2005. Switzerland has been transferring a retention tax on the interest income of EU taxpayers to the EU member states every year since July 2008.

However, the existing retention tax system still has loopholes that the EU would like to eliminate. Switzerland is prepared to discuss the matter further. However, the Federal Council continues to reject the automatic exchange of information preferred by the EU.