Italian Prime Minister, Silvio Berlusconi, and Micheline Calmy-Rey, Swiss President and Foreign Minister, met last week to discuss direct action on the negotiation of a new double taxation agreement.
Speaking at a news conference in Rome, Calmy-Rey said “a revision of our existing agreement is necessary”. Berlusconi, too, has made positive remarks about the prospect of solving the dispute.
“The [Swiss] Federal Tax Administration generally does not comment on negotiations that are still in progress. It is thus very difficult to comment,” said Daniel Schafer, partner at Lenz & Staehelin. “One issue for discussion is definitely insertion of the standard OECD exchange of information clause. This should now be undisputed.”...
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