The Swiss Council of States has approved a Bill in respect of the revised recommendations of the Financial Action Task Force (FATF). The Bill raises the qualifying threshold for serious tax offences and therefore helps the fight against tax evasion. The Bill has however been criticized by some business commentators as it is likely to provide a higher compliance burden for banks and place unnecessary restrictions on business.
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Swiss Parliament rejects French IHT agreement
Swiss Parliament rejects French IHT agreement
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