en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.004
GBP 1.4052
CHF 1.0505
RUB 0.0172
HKD 0.1275
JPY 0.0094
CNY 0.1579
CAD 0.7643
AUD 0.7696
BRL 0.3034
EUR 1.2309


Switzerland is close to tax information exchange deal with US


Swiss banks will be allowed to pass on more confidential information to the United States authorities to clear up the ongoing tax evasion row between the two countries, the government announced on Wednesday

Banks will remain banned from passing on client names or account details under the deal, but they could reveal a trail of data leading to US tax dodgers with undeclared assets hidden in Switzerland.

Parliament will be asked to vote in favour of the long-awaited bill in June. Swiss Finance Minister Eveline Widmer-Schlumpf said the data transfer would only last for one year and was the best way to “restore stability” to the financial sector.

Banks would also be allowed to name their own staff and other third parties, such as lawyers and tax advisors, involved in US business activities. But clients' identities could only be given through a request via the existing double taxation agreement.