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Switzerland News - Business, Taxation & Offshore

UK-Swiss Terminate Savings Tax Deal For Automatic Info Exchange

by Jason Gorringe,, London

Thursday, January 5, 2017

The UK and Switzerland have terminated tax arrangements under the Savings Tax Directive and will instead share information in tax matters automatically under the Common Reporting Standard.Read Full Story


US Justice Dept Completes Swiss Bank Program

by Glen Shapiro,, New York

Tuesday, January 3, 2017

On December 29, 2016, the US Department of Justice announced that it had reached final arrangements with the financial institutions meeting the requirements of its Swiss Bank Program.Read Full Story



Swiss Bank Reaches German Tax Settlement

by Ulrika Lomas,, Brussels

Tuesday, January 3, 2017

Zurich Cantonal Bank, Switzerland's largest cantonal bank, has reached an "amicable" agreement with the German authorities to settle a dispute relating to undeclared accounts held by German taxpayers.Read Full Story


China Cut Tariffs On January 1

by Mary Swire,, Hong Kong

Monday, January 2, 2017

China introduced import and export duty changes from January 1 to boost innovation-driven development and put the country's tariff structure "more in line with the needs of international trade development."Read Full Story



Switzerland Need Not Hike Taxes Drastically, Says IMF

by Ulrika Lomas,, Brussels

Monday, January 2, 2017

Switzerland's measures to end the preferential tax arrangements for foreign companies will reduce tax revenues in the country, according to an Article IV report by the IMF. Read Full Story


Switzerland Consults On Implementation Of AEOI Agreements

by Ulrika Lomas,, Brussels

Thursday, December 29, 2016

The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Read Full Story