The Swiss parliament has agreed that foreign tax authorities will be able to make grouped requests for administrative assistance, specifying suspected tax avoiders by behaviour patterns rather than by name. Unless challenged by foreign clients, the law will come into effect in January 2013.
Parliament has approved grouped requests for administrative assistance on tax matters in line with international standards - further weakening Switzerland’s banking secrecy law.
The move follows pressure to crack down on tax evasion. See
Troubled times for Swiss Bankers & End of Banking Secrecy for Switzerland?
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Source:
Read more at: Tax Times blog
