The United States has extended its requests for Swiss banks to disclose full details of client accounts held by US citizens.
This content was published on
1 minute
swissinfo.ch/ug
Switzerland’s Federal Tax Administration on Monday published a listExternal link of 40 banks, fiduciary firms and insurance companies.
It is the fourth update of so called group administrative requests by the Internal Revenue Service (IRS) since last December under the so-called Foreign Account Tax Compliance Act (FATCA).
The American clients concerned now have 20 days to submit their opinion on the intended transmission of their data to the IRS, before the Swiss authorities will issue a final decree, the Federal Tax Administration said.
The agreement between the US and Switzerland on cooperation to simplify the implementation of FATCA came into force in 2014.
Under the deal, Swiss financial institutions disclose account details directly to the US tax authorities with the consent of the US clients concerned.
University students in Switzerland join Gaza protest wave
This content was published on
Pro-Palestinian activists occupied university buildings in Lausanne, Geneva and Zurich on Tuesday, widening the protest movement in the Alpine nation.
TradeXBank to resume full operations after Sberbank Switzerland taken off sanctions list
This content was published on
TradeXBank, the former Swiss branch of Russia’s Sberbank, will be able to resume its dollar-denominated activities from the second half of this year.
Geneva decides not to remove controversial memorials
This content was published on
The city of Geneva has presented an action plan regarding a series of controversial local statues and monuments of historical figures linked to racism, colonialism or slavery.
University of Lausanne calls for end to pro-Palestine sit-in
This content was published on
The pro-Palestinian occupation continues at the University of Lausanne (UNIL). On Monday evening, a group of students refused to agree to the deadline set by the rectorate.
Ukraine peace conference should include Russia, says Chinese ambassador
This content was published on
China supports a peace conference on the Ukraine war that would see equal participation of all parties, says Chinese Ambassador to Russia Zhang Hanhui.
This content was published on
A majority of Swiss citizens have open attitudes towards various infertility treatments, including even egg donation, which is currently prohibited.
Reports of Swiss cyber fraud almost doubled in six months
This content was published on
The head of the new Federal Office for Cybersecurity (FOC), Florian Schütz, has presented a new strategy after just over four months in office.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss private bank Rahn+Bodmer settles US tax evasion charge
This content was published on
Zurich’s oldest private bank has agreed to pay $22 million to defer prosecution charges by the United States tax authorities.
Geneva freezes more than $1bn belonging to US tech entrepreneur
This content was published on
The Geneva public prosecutor has blocked over a billion dollars of a US entrepreneur’s money as part of the biggest tax evasion case in US history.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.