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Banking secrecy, even Monte Carlo towards the agreement with Italy

The negotiations between the two administrations on the end of banking secrecy would now be at a very advanced stage - It would be a further incentive for those who illegally hold money abroad to join the voluntary disclosure - The final signing with Switzerland on 23 February.

Banking secrecy, even Monte Carlo towards the agreement with Italy

After Switzerland and Liechtenstein, the next country to sign an agreement with Italy for the exchange of tax information will be the Principality of Monaco. 

The negotiations between the two administrations would now be at a very advanced stage and for Rome the agreement would represent another important step forward in the fight against tax evasion and capital flight, as well as a further incentive for those who illegally hold money abroad to join the voluntary disclosure

Meanwhile, the definitive signing of the bilateral pact between Rome and Bern on double taxation is expected on 23 February. 

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