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EU says Swiss not on tax haven blacklist

  Switzerland is not on a European Union blacklist of tax havens, Swiss TV reported, citing Czech Prime Minister Mirek Topolanek, whose country holds the rotating EU presidency.

EU members Luxembourg and Austria, as well as non-member Switzerland, which have accepted Organization for Economic Cooperation and Development (OECD) standards, will not be blacklisted, Topolanek was quoted as saying.

“These countries which have accepted these standards, they are not on this blacklist,” Topolanek told television station SF.

EU countries are trying to agree a position for a Group of 20 summit on April 2, including a call on G20 countries to fight tax evasion and ensure better cooperation from tax havens.

Switzerland has agreed to relax its strict bank secrecy rules and cooperate more on tax evasion in a last-ditch attempt to fend off a global crackdown on tax havens that is rattling the offshore banking industry. (Reuters)