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France, Switzerland to expand Tax Information exchange
Zone(s): France, Switzerland ¦ Sector(s): Taxation
The amendment also provides for the possibility of requesting banking information without knowing the identity of the financial institution holding the account. This is not currently permitted under the DTC as it stands. It is proposed the change will apply retroactively to requests for information relating to periods from January 1, 2010, onwards.The revised agreement will also allow Switzerland to respond to group requests from French authorities. This will be possible for taxable events occurring after February 2, 2013, when Switzerland’s federal law on international administrative assistance in tax matters entered into force.