EU AND SWITZERLAND CLINCH GROUND-BREAKING DEAL TO SHARE BANK DETAILS
March 8th, 2015
EUROPEAN Union (EU) residents will no longer be able to evade tax by hiding undeclared income in Swiss bank accounts from 2018, under a landmark agreement that the European Commission and Switzerland clinched on March 19.Under the agreement, which complies with a new Organisation for Economic Cooperation and Development (OECD)/G20 international information exchange standard, the EU’s 28 member states will receive annually full financial account information, including names, addresses, tax identification numbers, dates of birth and balances, of their residents ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.