Switzerland Tax News Archive - December 2012

Switzerland, US Initial FATCA Agreement

6/12/2012

On December 3, 2012 in Washington, D.C., Switzerland and the United States initialed an agreement for the implementation of the Foreign Account Tax Compliance Act. Read More »

Global Regulators Discuss OTC Derivatives Markets

7/12/2012

The leaders of regulatory authorities from Australia, Brazil, the European Union, Hong Kong, Japan, Canada (Ontario and Quebec), Singapore, Switzerland and the United States met on November 28, 2012 to discuss reform of the over-the-counter derivatives market. Read More »

Switzerland Eyes Tax Rises To Fund Infrastructure

7/12/2012

Swiss Transport Minister Doris Leuthard reportedly plans to set up a new national road infrastructure fund to finance the construction, maintenance and extension of Switzerland's highway network, to be funded by income derived from the motorway vignette and from the petroleum tax.  Read More »

Switzerland Posts Positive Q3 GDP Growth

11/12/2012

According to the Swiss Federal Department of Finance, real gross domestic product for Switzerland increased in the third quarter of 2012 by 0.6% compared with the second quarter of 2012, with private and public consumption and the balance of trade in goods contributing towards the growth. Read More »

Liechtenstein, Austria Eye Swift Conclusion Of Tax Deal

12/12/2012

Negotiations between Liechtenstein and Austria on a tax deal aimed at resolving the issue of Austrian citizens' undeclared bank accounts in the Principality are said to be in full swing.  Read More »

German Mediation Committee Rejects Swiss Tax Deal

14/12/2012

Germanys parliamentary mediation committee, comprising members of both the Bundestag (lower house) and the Bundesrat (upper house), has failed to reach a compromise on the bilateral tax deal with Switzerland aimed at dealing with undeclared German balances held by Swiss banks. Read More »

Switzerland Opens Hearing On CIS Ordinance

17/12/2012

Switzerland has recently opened a hearing on the revised Collective Investment Schemes Ordinance, which will subject most managers of collective investments schemes to regulatory supervision. Read More »

HMRC Issues Final Warning To Swiss Account Holders

18/12/2012

The UK's revenue agency has issued a warning to Swiss bank account holders that they have one final chance to pay any tax due, or face investigation. Read More »

Swiss Court Unable To Block Tax Deals

18/12/2012

The Swiss Federal Court in Lausanne has recently rejected an attempt to block entry into force of the bilateral withholding tax agreements concluded between Switzerland and Germany, the UK, and Austria.  Read More »

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