News Stories Tagged 'Switzerland'
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UK-Switzerland DTA Protocol To Become Fully Effective
by Jason Gorringe, Lowtax.net, London
17 March, 2020
The UK-Switzerland double tax agreement will be updated with new provisions to tackle tax base erosion and profit shifting, with full effect from April 6, 2020.
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US Insurance Regulator Grants Bermuda Reciprocal Jurisdiction Status
by Jason Gorringe, Lowtax.net, London
31 December, 2019
Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, and has had its status as a Qualified Jurisdiction extended by the National Association of Insurance Commissioners (NAIC), after a five-year evaluation.
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Switzerland To Expand AEOI Network
by Ulrika Lomas, Lowtax.net, Brussels
22 August, 2019
The Swiss Government will exchange financial account information with 33 other countries' tax authorities for the first time in September.
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Progress Being Made On Closing 'Harmful' Tax Regimes: OECD
by Ulrika Lomas, Lowtax.net, Brussels
25 July, 2019
The OECD has issued another update on jurisdictions' progress to amend their preferential tax regimes to remove harmful elements under the OECD base erosion and profit shifting Action Plan minimum standard on harmful tax regimes (Action 5).
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Bermuda Discusses Rental Tax Proposal, Tax Data Exchange
by Mike Godfrey, Lowtax.net, Washington
12 February, 2019
Bermuda's Government has stated that proposals for a rental income tax, detailed in a pre-budget report, were released as part of a consultation exercise and that the proposal for the levy has not been confirmed or formally announced. A decision on whether to include the measure in the Budget will be revealed when it is presented to parliament on February 22, 2019, it said.
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Potential March 2019 Date For Swiss Tax Referendum
by Ulrika Lomas, Lowtax.net, Brussels
04 October, 2018
The Swiss Federal Council has set the date for a potential referendum on its corporate tax reform package for May 2019.
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Switzerland Praised For Combatting Financial Crime
by Ulrika Lomas, Lowtax.net, Brussels
12 December, 2016
The Swiss Federal Council has hailed the publication of the Financial Action Task Force's fourth mutual evaluation report on action taken to combat money laundering and terrorist financing, stating that "overall Switzerland's results can be considered to be good."
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Hong Kong, Switzerland In Landmark Funds Deal
by Mary Swire, Lowtax.net, Hong Kong
06 December, 2016
Hong Kong's Securities and Futures Commission and the Swiss Financial Market Supervisory Authority have signed a Memorandum of Understanding on the mutual recognition of funds and asset managers between Hong Kong and Switzerland.
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Switzerland Looks To Support Financial Sector
by Ulrika Lomas, Lowtax.net, Brussels
24 October, 2016
The Swiss Federal Council has adopted a report containing five strategic "directions" for financial market policy, aimed at boosting the competitiveness of the country's financial center.
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Monaco, EU Agree To Tax Information Exchange
by Jason Gorringe, Lowtax.net, London
13 October, 2016
The European Council on October 11 agreed a deal with Monaco to automatically exchange information on financial accounts, as part of efforts to prevent bank deposit-related tax evasion.
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