Welcome
Transfer Pricing Report

Updated Swiss-U.S. Tax Treaty Boosts Information Exchange

Sept. 20, 2019, 4:46 PM

An update to the U.S.'s income tax treaty with Switzerland went into force Sept. 20, strengthening provisions that help the governments crack down on tax evasion by exchanging information that would otherwise be protected by bank secrecy laws.

“There is no longer any distinction between tax evasion and tax fraud, neither for individual nor for group requests,” the Swiss government said in a statement published Sept. 20. “This is in line with the international standard on the exchange of information upon request, which Switzerland applies to more than 100 states and territories, but not to date...

To read the full article log in. To learn more about a subscription click here.