Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty

Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty | OANDA Forex Blog

Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty

Amid German concerns that its wealthy citizens are moving funds from Switzerland before a new German-Swiss tax treaty takes effect next year, Singapore and Germany said on Sunday they had agreed to bolster their double-taxation agreement with internationally agreed standards on information sharing. “Banking secrecy will not constitute an obstacle to exchanging information,” said the joint statement, which came at the end of German Finance Minister Wolfgang Schaeuble’s weekend visit to Singapore. Media reports have put the amount of German money moving to Singapore in the double-digit billions. “The perception is that Swiss banks have concluded Switzerland is unlikely to remain a tax haven for much longer and Singapore is the new place to do business,” said Ronen Palan, a professor at City University London who has conducted numerous studies on offshore finance. Swiss banks...

Full article: http://forexblog.oanda.com/20121015/singapore-and-hong-ko...

Tweets

@FXTradingPips » 16 Oct '12, 2am
Forex Update: Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty #Forex #FX [link]
@bloggerasia » 16 Oct '12, 2am
#OpenFollow Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty - OANDA Forex (blog) [link] #Singapore
@Whimtradr » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty: [link] #forex #fx
@InvestorsBC » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty: If media reports are to be believed, there will... [link]
@OANDA » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link] #oanda #forex
@ForexTipsLive » 16 Oct '12, 3am
[link] Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link]
@Live_Forex_News » 16 Oct '12, 3am
[link] Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link]
@Forex______News » 16 Oct '12, 3am
[link] Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link]
@Forex_Live_News » 16 Oct '12, 3am
[link] Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link]
@youmake_money » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link] [link]
@London_Forex » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link] [link]
@RonPaulFollows » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link] [link]
@ForexTipsLive » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link] [link]
@ForexNewsMole » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty #forex [link]
@BontangKuring » 16 Oct '12, 2am
#OpenFollow Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty - OANDA Forex (blog) [link] #Singapore
@BlackCentaurFX » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link]
@alfonsoesparza » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty [link]
@c_grimont » 16 Oct '12, 2am
Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty: If media reports are to be believed, there will... [link]