Greece has proposed a tax amnesty deal for country’s tax evaders who have hoarded cash in Swiss bank accounts, in a bid to bring much-needed revenue to the debt-laden country.
A flat 21% tax will be levied on such assets to make them legitimate, Swiss newspaper NZZ am Sonntag reported citing unidentified sources.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The amounts of untaxed Greek cash stashed in Swiss banks range widely between EUR2bn and EUR200bn, the paper said.
The amnesty program is in line with those introduced by other countries such as Italy and is subject to approval from the Greek parliament and a final accord with Switzerland.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
