Switzerland Tax News Archive - December 2012 Switzerland, US Initial FATCA Agreement6/12/2012 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 Markets7/12/2012 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 Infrastructure7/12/2012 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 Growth11/12/2012 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 Deal12/12/2012 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 Deal14/12/2012 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 Ordinance17/12/2012 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 Holders18/12/2012 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 Deals18/12/2012 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 »Go Back » |
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