On 1 February 2013, the Federal Council (Bundesrat) refused again to approve the Germany-Switzerland tax agreement signed on 21 September 2011, concerning the future tax treatment of capital investment income and past undeclared funds (see Germany-3, News 27 November 2012). Previously, on 17 January 2013, the Lower House of the German parliament (Bundestag) rejected the recommendation of the Mediation Committee (Vermittlungsausschuss) to annul the ratification bill regarding the tax agreement (see Germany-1, News 13 December 2012) and decided to submit the ratification bill again to the Federal Council.
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Germany; Switzerland - Federal Council objects again to Germany-Switzerland tax agreement (05 Feb. 2013), News IBFD.