Tuesday, August 6, 2013

Swiss-US Tax Treaty - Think You Need to Declare Your Swiss Bank Account NOW?

There have been new developments in the resolution of the ongoing tax dispute between Switzerland and the US: the Swiss government confirmed it will set out parameters for the cooperation of Swiss banks with the US within the existing legal framework and the Swiss Supreme Court, for the first time, considered a group request made by the IRS under the existing Swiss-US double-taxation treaty.

The authorisation will in particular cover the provision by the banks to the DOJ of information regarding employees, third-party service providers and what has been referred to as ‘leaver lists’.

The ‘leaver lists’ would concern non-personalised data in connection with the closure of accounts and the associated transfer of funds to other banks in Switzerland or abroad.
Undeclared Income from a Swiss Bank Account?

Contact the Tax Lawyers
at Marini & Associates, P.A.
for a FREE Tax Consultation
or Toll Free at 888-8TaxAid (888 882-9243 begin_of_the_skype_highlighting 888 882-9243 FREE  end_of_the_skype_highlighting).




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