Padoan signs Italian tax treaty with Switzerland - update 2

Aims at helping Italy combat evasion

(ANSA) - Milan, February 23 - Economy Minister Pier Carlo Padoan on Monday signed a tax treaty on behalf of Italy with Switzerland.
    The deal, concluded one month ago, comes after three years of talks and aims to improve information exchanges that authorities have said will help the Italian authorities combat rampant tax evasion. Sources have said the treaty should help Italy to learn more about citizens who have hidden assets in Switzerland to avoid paying taxes here that would be worth billions of euros.
   

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