CORPORATE
INDIVIDUALS

Swiss Bank Reaches German Tax Settlement

01/08/2017

•

Zurich Cantonal Bank, Switzerland’s largest cantonal bank, has reached an “amicable” agreement with the German authorities to settle a dispute relating to undeclared accounts held by German taxpayers.

In a brief statement released on December 27, the bank disclosed that a one-off payment of EUR5.7m (USD6m) will be made to the judicial authorities in Cologne “in connection with untaxed assets of German customers.”

According to the statement, the agreement has legal force in all German states.

The bank also said that the agreement covers “affected employees” of the bank.

Source: www.tax-news.com
Business Blog Categories

Business Blog Categories

[categories_dropdown_for_blog parent="130" blog="748" ]

By Country

[countries_list blog="748"]

Recent Posts

Tags
Annual levy of 350 € abolished Anti-money laundering: Council adopts package of rules Anti-money laundering: Council and Parliament strike deal on stricter rules Art Law Issues Bahamas announces top-up corporate income tax Bank Santander Identifies 20 to 25 Uses of Bitcoin BEPS Better withholding tax procedure in the EU Bitcoins Bitcoin Storm CIOT recommends new approach on IR35 CJEU rules on the concept of a VAT fixed establishment Compliance corporate minimum tax rate at 15 % Cryptos Cyprus droppend annual levy for 350 € from 2024 DTA BPES Provisions UAE DTA Germany Australia EU Cross Border Successions German House Construction Tax Incentives Global Art Global minimum tax rate global minimum tax rate at 15 % HKs Fiscal Freedom HMRC - Non Dom Loans HMRC Modernization Program International collaboration to end tax avoidance LDF Luxembourg Freeport Luxemburg Tranfer Pricing Malta amends NID rules Malta new VAT Threshold Malta VAT Threshold Mastercard attacks Bitcoin New AML Rules in the EU Singapore IP Transfer Rulings Swiss DAT's Liechtenstein and Norway Swiss new VAT Rules for Mail Order Switzerland - Fines not Tax deductible Taxation: Council agrees on new rules for withholding tax procedures (FASTER) Tax Compliance Tonnage Tax Scheme Cyprus UK's APNs practice may lead to bankruptcies UK warns against new CGT avoidance scheme Update to the Special Tax Regime for Nomads in Malta for 2024
Read more

Other news

Go to News & Blog
glass walled building during daytime

Anti-money laundering: Council adopts package of rules

•
05/31/2024

The Council today adopted a package of new anti-money-laundering rules that will protect EU citizens and the EU’s financial system against money laundering and the financing of

blue and white flags on pole

Taxation: Council agrees on new rules for withholding tax procedures (FASTER)

•
05/14/2024

The Council today reached an agreement (general approach) on safer and faster procedures to obtain double taxation relief, which will help boost cross-border investment and

Bahamas announces top-up corporate income tax

•
03/05/2024

Weeks after rejecting an IMF call to implement a personal income tax on its citizens, The Bahamas has announced plans for the introduction of a

do you have questions or need a consultation?

Get a quick consultation

Our highly experienced team of lawyers, tax advisers and international tax experts advise our clients in corporate and private tax planning, offering a full service including the filing of tax returns in various jurisdictions.

Contact us
TAXEDO LLP

International Tax Experts & Boutique Law Firm provides sophisticated Advice related to International and Swiss Taxation, Asset Protection, Inheritance and Succession and Compliance. Our Lawyers offer dedicated Legal Advisory in their Scope of Business and Jurisdiction. Furthermore, our reliable Corporate Services are Benchmark for almost three decades now.

Navigation
Main Office London City
Working hours

We are available 7 days a week, every day including major holidays, in case of emergency and upon appointment. Please contact us for any further information.

Monday – Friday:08:30 – 17:30
Saturday:upon request
Sunday and holidays:upon request

© 2025 TAXEDO LLP. All rights reserved.

Callback
Contact