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
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
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 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'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
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
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