Switzerland and Luxembourg sign tax pact

The pact is designed to ease restrictions on the exchange of tax information between the two countries, which have both come under fire from international leaders for sheltering tax evaders. It is merely the second of 12 agreements Switzerland needs to sign to be removed from the Organisation of Economic Co-operation and Development's (OECD) "grey list". The "Grey List" comprises tax havens, which have signalled they will adopt international standards on tax information sharing, but have not yet managed to do so. While Switzerland only signed its first agreement with Denmark last w...