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...Read More

Swiss-US tax data transfer method violates law 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...Read More

Court protects lawyer identities in tax data transfers   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...Read More

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...Read More

Neobank, the German online bank, has launched its presence in Switzerland. Here is, what the company expects to achieve in the heart of European banking. Georg Hauer, general manager at smartphone-bank N26 and responsible for the German, Austrian and Swiss regions, wants to get Swiss customers fall in love with his banking services – they...Read More