Switzerland
Tax & Regulation | 3 Mar 15
Swiss sign first tax information pact with Aus
Australia has signed a reciprocal agreement with Switzerland for the automatic exchange of tax information on each other’s citizens, the Swiss finance ministry has said.
Credit Suisse bosses pay cut by 25 per cent
Directors at the Swiss banking giant Credit Suisse have taken a voluntary 25% pay cut to reflect a $2.6bn (£1.7bn, 2.3bn) fine from the US regulator last year after it helped American citizens evade tax.
Julius Baer sees profits rise by 22
Zurich-headquartered firm, Julius Baer has seen profits surge by 22% in 2014 as it completes its integration with Merrill Lynchs International Wealth Management (IWM).
switzerland intl agreement tax evasion
The Swiss Government has launched a three-month consultation period on draft legislation that will pave the way for Switzerland to implement tax information sharing agreements with other countries.
FSC Gibraltar and FINMA reach
The Gibraltar Financial Services Commission (FSC Gibraltar) and the Swiss Financial Markets Supervisory Authority (FINMA) have reached an agreement ensuring the mutual oversight of cross border alternative investment fund managers.