trending Market Intelligence /marketintelligence/en/news-insights/trending/sz4ih1fgvj37ctdnpk3ejq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

FT: Switzerland seeks new US tax deal amid banking secrecy rethink

Creating an Efficient Enterprise Wide Credit Risk Management System for a Leading Energy Company

Power and Gas M&A Symposium - 2019 Highlights

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

US Commercial Smart Building Projects Set For 56% Annual Revenue Growth Over The Next Five Years

FT: Switzerland seeks new US tax deal amid banking secrecy rethink

Switzerland is seeking a new tax deal with the U.S. that will allow a two-way exchange of bank account information as the country continues to rethink its stance on bank secrecy, the Financial Times reported Dec. 29, citing "a senior official in Bern," the capital city of Switzerland.

The country has signed agreements with 38 countries on information sharing that come into effect in January 2017 and are part of a concerted move to end Switzerland's reputation of helping tax evasion.

Under an existing accord, U.S. authorities receive information on Swiss bank accounts, but the country wants reciprocal exchange of information. This is "a matter of principle and international equality," according to Fabrice Filliez, deputy head of tax at the Swiss international finance department.

In addition, Switzerland said it started consultations with more than 20 other countries including India, Israel and Argentina on similar agreements.