World Business News

A round up of the latest news for those doing business internationally

Switzerland to improve cooperation in tax matters

Zone(s): Switzerland ¦ Sector(s): Taxation

[26 June 2014,] By Ulrika Lomas,, Brussels: The Swiss Federal Council has said it will bring the revised Tax Administrative Assistance Act (TAAA) into force on August 1, 2014. The Swiss parliament approved the revision of the Tax Administrative Assistance Act on March 21, 2014. The amendment includes a new provision that would allow for the Government to defer notifying a person whose data has been requested by a foreign authority, and will also clarify rules concerning group requests.