UK signs tax agreement with the Swiss
Switzerland agrees to share information on tax payers with the UK
Switzerland agrees to share information on tax payers with the UK
Treasury minister Syephen Timms has signed a tax information exchange
aggreement with the Swiss.
The deal will see the Swiss swap information in a form that meets standards
set by the OECD.
This latest deal follows a deal signed between the Uk and Lichtenstein.
Dave Hartnett, permanent secretary for tax at HM Revenue and Customs, said:
‘Transaprency and information exchange are the foundation on which fair and
effective tax systems are built.’
Stephen Timms said in a statement: ‘The days when hiding money off-shore
represented a viable means of evading UK tax are rapidly drawing to a close.’
The move follows a similar agreement signed between Switzerland and France.
The US recently indicted two Swiss nationals accusing them of helping clients
evade taxes. Last month Swiss bank UBS agreed to disclose the names of more than
4,000 US clients.
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe Big Four firm's Canadian arm is accused of setting up offshore tax structures in the Isle of Man Read More...
View articleUN report shows increased channelling of company funds into offshore tax havens such as the Cayman and British Virgin islands Read More...
View articleGovernmental pressure to crack down on tax evasion is resulting in HMRC applying its criminal investigation policy in an inconsistent manner, writes K...
View articleUK-led beneficial ownership plans adopted in over 20 jurisdictions, including Gibraltar, Isle of Man and Montserrat Read More...
View articleBritish island territory agrees to sign OECD pact on tax co-operation, which has already been signed by 31 nations Read More...
View articleNations that defy international tax agreements should be listed and punished accordingly, Osborne suggests Read More...
View articleChancellor releases tax return following the controversy surrounding tax affairs of politicians, reveals connection with accountancy firm HW Fisher &a...
View articlePrime minister set to make announcement on companies which encourage tax evasion, while he launches joint taskforce with HMRC to deal with Panama Pape...
View article