NRW, EU’s Schulz Call for Broader Swiss Tax Treaty

(Corrects inaccurate designation for Schulz in ministry statement in first paragraph of story that ran Aug. 27.)

Martin Schulz, president of the European Parliament, and the finance minister of Germany’s North-Rhine Westphalia call for an effective bilateral tax treaty with Switzerland as a prerequisite for a necessary EU- wide rule.

“A treaty on the European level is better than a treaty between single states,” Norbert Walter-Borjans, finance minister of North-Rhine Westphalia said in a statement issued by his office.

“Until we reach a pan-European solution, we need instruments that can already be used efficiently to fight tax evasion,” he added. Schulz and Walter-Borjans met in Brussels today.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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