As a result Switzerland may face financial sanctions unless it complies with the EC, the EU Commissioner for the internal market Frits Bolkestein told EU finance ministers.
This comes after Switzerland failed to come up with an adequate proposal for supplying information about savings accounts held by EU residents.
Switzerland said it would only release information where criminal activity was suspected. A ban on Swiss investment in the EU is one possible sanction, Commission officials said.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016