Italy and Switzerland on Monday (23 February) signed a deal to recuperate billions of euros of taxes from wealthy Italians who stash their undeclared assets in the Alpine nation.
The plan includes a partial amnesty for account holders who now have until 30 September to pro-actively declare their Swiss accounts to the tax authorities. The "voluntary disclosure procedure" incurs fewer sanctions and drops most criminal charges.
Estimates suggest around 70 percent of Italian money hid...
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