Switzerland has acknowledged the fact that European Union will remove the country from its grey list for tax havens following a reform of the corporate tax system. “Switzerland meets and implements international tax standards. The European Union has acknowledged this…” said a statement,external link released by the State Secretariat for International Finance (SIF), on Thursday. The country, which is a major EU economic partner, had...
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Bern, 20.09.2019 – On 20 September 2019 in Bern, Switzerland and the United States of America exchanged the instruments of ratification of the protocol of amendment to their double taxation agreement in the area of taxes on income (DTA). The protocol, which entered into force on the same day, represents a milestone in tax relations between Switzerland and...
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The Swiss Data Protection Commissioner has issued a legal complaint against the Finance Ministry for sending the names of bank employees, lawyers, accountants and other third parties to the United States to assist with tax evasion investigations. The Swiss Supreme Court has already issued a ruling that bans the indiscriminate disclosure of people’s names without...
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Third party actors, such a bank employees, lawyers and accountants, should not be named when Switzerland hands over tax data to other countries, the Swiss federal administrative court has ruled. The verdict upholds a complaint from the Swiss data commissioner’s office against a finance ministry decision to include the names of such professionals. People who...
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No-deal Brexit? That’s no problem, at least for Britain’s wealthiest people. Their bigger fear is leftist firebrand Jeremy Corbyn. For more than a year, some of the most affluent have prepared for a hard separation from the European Union, making clear they can take a chaotic Brexit in their stride. But the prospect of a...
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