Switzerland has approved the terms of a proposed settlement with the United States announced on 28 August 2013 regarding the exposure of tax information of US citizens with funds in Switzerland. This agreement would allow Swiss banks not currently under investigation by the U.S. Department of Justice to avoid prosecution for helping U.S. clients for avoiding paying tax rather these banks would be required to pay a fine.
Related Posts
Switzerland to introduce individual taxation in 2032
August 21, 2026
Switzerland will introduce individual taxation from 2032 after the Federal Council decided on 19 August 2026 to use the
Read More Switzerland adopts dispatch for temporary VAT increase to fund security spending
August 17, 2026
Switzerland’s Federal Council has adopted a dispatch proposing a temporary increase in Value Added Tax (VAT) to
Read More
Austria, Switzerland sign amending protocol to 1974 tax treaty
August 03, 2026
The Swiss State Secretariat for International Finance announced that Austria and Switzerland signed an amending
Read More Switzerland, UK conclude negotiations on modernised free trade agreement
July 15, 2026
Switzerland and the United Kingdom have concluded negotiations on a modernised free trade agreement, Swiss President
Read More
Malaysia, Switzerland end second round negotiations to update income tax treaty
June 30, 2026
Malaysia’s Ministry of Finance announced on 27 June 2026 that Malaysia and Switzerland have completed the second
Read More Switzerland: Parliament approves VAT hike to support AHV pension costs
June 23, 2026
Switzerland's parliament has approved a constitutional amendment that will allow an increase in Value Added Tax (VAT)
Read More