Swiss double tax treaties – a one-sided affair? – ValueWalk Premium

Swiss double tax treaties – a one-sided affair?

Swiss double tax treaties – a one-sided affair?
by Simon Bradley, swissinfo.ch
January 31, 2014 - 11:00

Following mounting foreign pressure, the Swiss government relaxed its banking secrecy laws in March 2009, agreeing to adopt Organisation for Co-operation and Development (OECD) standards on administrative assistance in tax matters.

Since then, Switzerland has renegotiated double taxation agreements (DTAs) with 42 countries containing the new international standard on exchange of tax information.

But very few of these new treaties are with developing countries, which continue to lose billions of dollars every year in the flight of assets and valuable tax . . .

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