Papers missing: a Swiss Bank is not the Gold of the German customers out

Switzerland, that is for the Raclette, Rösti and mountain panoramas. Others relate it to secretive banks, which can also be of questionable clientele, not to be

Papers missing: a Swiss Bank is not the Gold of the German customers out

Switzerland, that is for the Raclette, Rösti and mountain panoramas. Others relate it to secretive banks, which can also be of questionable clientele, not to be swayed. A curious dispute between Bank UBS and a German customer, however, shows that the States change in the Alpine tax haven.

As reported the "Handelsblatt", denied the UBS is a client of the surrender of his gold, because the man does not want to demonstrate the proper taxation in his home country of Germany. Attention the case attracted, also because of the amount of gold – it comes to around 8.5 kilos of Gold, or 299 oz. Current market value: good 383.600 Euro.

man does not want to tax form had accumulated under the letter

The man with the Gold between 2003 to 2007. In 2014, he demanded the surrender. The UBS but requested a written confirmation of the taxation in the Federal Republic of Germany. The man under a form not wrote, and the Bank announced to him. The customer pulled up in front of the court. Gold, commodities, currencies - the market analysis of the COT Report gives the correct view. (Partner offer) Now 30 days free of charge analysis to read!

the Bank retained the first right. The Supreme court of Aargau ruled under the money laundering rules, that there should be a so-called "paper trail", so that the transactions in doubt are free to understand. In addition, the court was bothered by the fact that the man wanted to have the necessary papers to sign, in their own words "dubious business relationships". Gold in Euro 1.403,25 EUR +8,41 (+0,60%) Waits OTC

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German is still to be Gold,

Before the Federal court in Lausanne, in turn, the customer received a complaint against the Aargauer judgment. The judgment of the Federal judge that there was no "dubious business relationships", a delivery of the precious metal violated Swiss money laundering laws.

However, the customer is still waiting for his Gold. Because whether the issue according to German law, is acceptable, is defined by the Federal court. In case of doubt, would make the case of the Bank, then the aid to tax evasion – which is, in turn, against the Swiss Supervisory standards. Benefit from the futures market positions of the professionals. Gold, commodities, currencies (partner offer) More information on David Vargas's recommendations

The case is that Switzerland is no longer volatile long been the Central Paradise for Control of Europe shows. The small state is also working on this Image to get rid of the: Starting this year, the Federal police is to wash with a new, networked money-the United Nations programme of work – instead of the 20-year-old predecessor, the still works with Mail, and Fax.

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Updated Date: 20 January 2020, 01:00

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