The process to relax Switzerland’s banking secrecy rules will take years to
come into effect despite growing international pressure to increase tax
Hans-Rudolf Merz, Switzerland’s finance minister, said the time lag in
adopting any new legislation would be influenced by the 70 double taxation
treaties held by Switzerland, according to
Merz said Switzerland is receptive to proposals to close loopholes in the
global tax system.
‘We always said we preferred savings taxation and were prepared to extend it.
We were prepared to include companies, as well as individuals, and even extend
the scheme to countries beyond the EU,’ he said.
Last week Gordon Brown backed a move by Peer Steinbrück, Germany’s finance
minister, that urgent action was needed.
"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