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24 Jun 2009
Switzerland's finance minister, Hans-Rudolf Merz, has reaffirmed the country's willingness to increase tax transparency by committing to 12 revised double taxation treaties by the end of this year.
The committment comes at a time when the US Department of Justice has confirmed it intends to forge ahead with plans to undertake legal action against investment banking giant UBS, according to ft.com
The Internal Revenue Service (IRS) is seeking the identities of some 52,000 American private wealth clients of the bank with accounts in Switzerland.
The secretive haven has already negotiated six tax information agreements this year, and needs an additional six to comply with the Organisation for Economic Co-operation and Development's minimum of 12, which elevates jurisdictions to 'white-list' status.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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