Holland & Knight LLP (JD Supra Switzerland)

As Swiss Banking Becomes More Transparent, Americans with Undeclared Swiss Accounts Are Warned
In a move that was likely celebrated by United States governmental officials, Swiss banking secrecy eroded even further on Thursday, March 6, 2014. This is the day that parliament voted to provide foreign tax authorities with identifying information on accountholders with undeclared accounts in Swiss banks without giving the accountholder advance notice. The one requirement is that the requesting

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