U.K. to Discuss Tax Agreement With Switzerland, Guardian Reports

Britain will discuss the current tax deal with Swiss authorities after the Easter holiday, the Guardian reported, citing confirmation from the U.K. Treasury last night.

Chancellor George Osborne could invoke a clause in the current tax agreement with Switzerland that would allow the U.K. to benefit from better terms negotiated by Germany, the newspaper said. According to the deal, incomes of U.K. nationals in Switzerland will be subject to tax on a sliding sale from 21 percent to 34 percent. Germany agreed to a higher tax rate of 41 percent.

To contact the reporter on this story: Agnieszka Troszkiewicz in London at atroszkiewic@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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