swiss lawmakers reject bill to weaken
By a two-to-one margin, Switzerland's lower house of Parliament voted late on Wednesday to reject a draft law that would have allowed the country's banks to pass depositors' information to US authorities.
Switzerland
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swiss reach agreement on way for its banks
The Swiss government said today that it had reached agreement on proposed legislation that would enable the country’s banks to comply with requests by US authorities for information in connection with their tax evasion investigations.
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spain rules against extradition hsbc data thief
Spain has ruled against extraditing a former HSBC employee who is wanted in Switzerland on charges of stealing data on tens of thousands of bank accounts that a number of European countries have used to pursue suspected tax evaders, according to Reuters.
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pkf to brits with swiss accounts
Just because you don't have a UK tax liability owing on your Swiss bank assets does not mean you are safe to ignore the reporting requirements imposed by a new UK-Swiss tax deal that took effect on 1 Jan.
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Landmark german swiss tax deal hits the rocks
A landmark tax deal between Germany and Switzerland has been blocked by Germany’s upper house of parliament, the Bundesrat.
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swiss seen unlikely to fully end negotiated tax
Recent press reports that the Swiss may be moving closer to ending their “negotiated single-sum tax agreement” system for wealthy individuals are being discounted by financial advisers there, and other experts.
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switzerland an advisers utopia
With a high concentration of multinational and financial services firms headquartered in Switzerland, expat advisers in the Alpine region are discovering a range of opportunities, writes Will Jackson.
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uk millionaire with Swiss account is first
A UK taxpayer is to pay some £830,000 in back tax, fines and costs to the UK tax authorities after being found guilty of using an undisclosed HSBC account in Switzerland to hide his money, in HM Revenue & Customs’ first successful prosecution to be based on information obtained from HSBCs Geneva branch in 2010.
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swiss government issues arrest warrants
The Swiss federal government has issued arrest warrants for three German tax officials for their role in the purchase of banking information in 2010.
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gam to acquire arkos capital
Fund group GAM has announced plans to purchase Arkos Capital, a Swiss long/short investment firm with CHF664m in assets under management.
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uk swiss tax deal under threat
Tax agreements signed by the UK and German governments with Switzerland could be in breach of European Union law.
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hmrc chases 6000 swiss bank account holders
UK investors with HSBC bank accounts in Geneva could soon receive a letter from HM Revenue & Customs chasing up unpaid taxes.