Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-30-Speech-2-099"
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"en.20040330.4.2-099"2
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"I voted in favour of the agreement between Switzerland and the European Union on taxation of savings income, but I would like to make it clear that I am doing so subject to Parliament being consulted, before this agreement is implemented, about those agreements negotiated with the other third countries: the United States, Andorra, Liechtenstein, Monaco and San Marino. At the same time, I would stress that its application also depends on the adoption and implementation by the dependent or associated territories of the Member States of measures that conform with those contained in the directive of 3 June 2003.
Switzerland, like some Member States that opted within the framework of the directive for a withholding tax at source, still sets great store by banking secrecy, the aim of which is to guarantee that the private sphere is respected and that depositors have greater trust in their banks.
Some people constantly claim that abolishing banking secrecy is necessary to combat tax fraud and harmful tax competition. Alongside banking secrecy, Switzerland, like my country, Luxembourg, has laid down very strict clauses on money laundering and financing of criminal activities.
In accordance with Article 10 of this agreement, Switzerland, and every Member State of the European Union, exchanges information on behaviour constituting tax fraud according to the legislation of the Member State concerned."@en1
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