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Old 02.07.2011, 13:06
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EU Savings Tax Directive

Just a reminder of this directive meaning that the tax rate being applied to your savings interest as of yesterday is 35%, 75% of which goes to Brussels/EU States for EU nationals. Switzerland gets to keep a quarter of the tax.

In 2005 the rate was 15%, and in 2008 was 20%.

Some call it the banking secrecy compromise.

I doubt it'll get much media coverage.

Bear in mind Switzerland generally takes 35% of interest earnings on certain savings products in any case, it's kinda funny for me that 75% of this now goes to Dublin under this Directive even though I haven't lived there for over half my life....
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