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Home News & Events TAX LAW NEWS: Exchange of Banking Data Bill for Switzerland

TAX LAW NEWS: Exchange of Banking Data Bill for Switzerland

Sunday, 25 May 2014 14:28

The Swiss Government plans to formally present a bill to parliament during the last quarter of 2014 by means of which it would be able to provide a legal platform for Switzerland to hold negotiations with other countries for the introduction of an automatic exchange of banking information on tax related matters which bill is expected to be based on the principles of reciprocity as well as that information would be utilized for tax purposes only. Informed sources have explained that such negotiations would include the US and the EU.