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10/10/23
SWITZERLAND: Switzerland Set to Extend Sharing of Banking Information
As published on: bloomberg.com, Tuesday 10 October, 2023.
- Swiss step up efforts against tax evasion amid haven criticism
- Switzerland shares data about assets with half of the world
Swiss authorities this year added Kazakhstan, the Maldives and Oman to the list of more than 100 states for the automatic exchange of banking information, the Federal Tax Administration said on Monday.
Switzerland has increased the number of countries with which it is sharing information on financial assets, as part of the country’s international obligations to combat tax evasion.
Swiss authorities this year added Kazakhstan, the Maldives and Oman to the list of more than 100 states for the automatic exchange of banking information, the Federal Tax Administration said on Monday. The total of accounts covered has also risen this year to 3.6 million, up from 3.4 million in 2022. The Swiss now pass data to more than half the countries in the world.
Tags
Switzerland Tax Transparency
