Wednesday, May 9, 2012

Reuters: Financial Services and Real Estate: Italy, Swiss discuss ways to tax undeclared assets

Reuters: Financial Services and Real Estate
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Italy, Swiss discuss ways to tax undeclared assets
May 9th 2012, 10:05

MILAN | Wed May 9, 2012 6:05am EDT

MILAN May 9 (Reuters) - Italy and Switzerland have discussed ways to tax Italian undeclared capital held in the Alpine country, the Italian Treasury said in a statement.

The discussions included the possibility of introducing a new withholding tax system on future capital gains, it said.

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