SF Tagesschau – The Future of Swiss Banking Secrecy Amid Imminent Collapse of the 2012 Swiss-German Tax Agreement
After the Bundestag had approved the Swiss-German tax agreement, the final say lies with the Bundesrat. The Bundesrat, however, is dominated by the SPD and Greens, leading to widespread expectations that the agreement will fall through. Former German ambassador Dr. Thomas Borer is interviewed about the situation in this SF broadcast. Noting the ideological nature of the Greens and SPD opposition, he encourages Switzerland to be open to potential transparency agreements, emphasising Switzerland’s limited ability to stand up to hard proponents of transparency such as the French and Americans.