Tax Switzerland Latest Information

Tax Switzerland Latest Information

Switzerland, EU Set For Tax Clash
Switzerland’s Federal Council has recently announced the next steps for the continuation of bilateral negotiations with the European Union (EU), including in the contentious area of taxation.

Swiss-German Tax Deal Under Threat
Social Democrat (SPD) controlled states throughout Germany reportedly plan to block the bilateral tax agreement between Switzerland and Germany in the German Bundesrat, or upper house of parliament, during a crucial vote on February 10.

Swiss Must Kill Bank Secrecy, Revise Deals, EU Tax Chief Says
Switzerland must eliminate banking secrecy and renegotiate tax accords with the U.K. and Germany that clash with regional initiatives, according to European Union Tax Commissioner Algirdas Semeta.

Swiss banks to outline steps in US tax evasion row
Two of Switzerland's oldest banks will this week outline their response to growing U.S. pressure to give up tax-evading American customers and the bankers who helped them.

Julius Baer Slides as Bank Expects U.S. Tax Fine: Zurich Mover
Julius Baer Group Ltd., the Swiss wealth manager founded in 1890, fell the most in three months in Zurich trading after saying it expects to pay a fine to resolve tax matters with the U.S. and as profit declined 27 percent.

Switzerland's Oldest Bank Is Selling Its Non-US Business After Tax Evasion Charges
The oldest private Swiss bank has announced its intentions to sell its non-US assets to fellow Swiss bank Raiffeisen, AFP reports. The 270-year-old Wegelin & Co. is being investigated by U.S. authorities over tax evasion allegations , according to FT.

Swiss bank Julius Baer expects fine in US tax case
Swiss bank Julius Baer Group said Monday that it might have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome of the case ...

UBS full-year pre-tax profit CHF 5.5 billion; wealth management businesses' full-year net new money CHF 35.6 billion ...
Regulatory News:

Switzerland Yields To US Tax Demands
Following mounting pressure from the US attorney’s office, Switzerland has finally handed over to US investigators comprehensive, encrypted, banking data pertaining to eleven Swiss banks, alleged to have aided wealthy Americans to evade US taxes amounting to billions of euros.

Swiss Tax Pact With U.S. May Come Soon, Widmer-Schlumpf Says
Switzerland may reach an agreement with the U.S. about undeclared bank accounts within months, Swiss Finance Minister Eveline Widmer-Schlumpf said.

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