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Switzerland Faces Pressure to Update EU Tax Agreement

The Swiss federal government is reconsidering its stance on a 2017 agreement with the EU that facilitates automatic tax information exchange. Initially resistant to EU demands for enhanced cooperation, including assistance in tax collection, Swiss officials are now consulting legislative bodies. While some politicians oppose the agreement, tax experts suggest it could lead to benefits, such as the recovery of outstanding tax debts. The EU threatens to revoke tax privileges for Swiss companies unless Switzerland complies with requests for greater tax enforcement support.

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