The Swiss federal court has ruled that an order for UBS to disclose client
information to US authorities was unlawful.
The order, issued by the Financial Market Supervisory Authority (FINMA),
should have been referred to the federal Council for approval, reported
Neither the Swiss Banking Act or right of constitutional necessity could be
applied, the court found.
FINMA said it was entitled to make the disclosure under Swiss banking law. It
will now consider whether to launch an appeal to the Federal Supreme Court.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said