EU presses Switzerland on tax agreement

Switzerland has rejected an appeal from EU finance ministers to sign an accord aimed at combating tax evasion.

The country, which is not a member of the EU, has continued to link its agreement on the savings tax with demands to be exempted from another agreement on cracking down on smuggling and VAT evasion within the "Schengen" free movement area.

The EU, however, is stepping up pressure on Switzerland to agr...