Switzerland, Greece Discuss Tax Accord, Reichenbach Tells FTD

Switzerland and Greece are in discussions about setting up a tax agreement, Financial Times Deutschland reported in a preview of tomorrow’s edition, citing Horst Reichenbach, who heads a European Union task force on rebuilding Greece’s economy.

“Switzerland has agreed to begin talks with Greece about a tax accord similar to the one with Germany,” the newspaper cited Reichenbach as saying. Such an agreement would help prevent capital flight from Greece and increase the country’s tax revenue, FTD said.