Ellen's Swiss News World
BERN, SWITZERLAND – Switzerland’s agreement to a Fatca treaty with the US, which would see Americans’ and green card holders’ assets reported to the IRS tax office, is inching closer to being signed. The foreign affairs committee of the upper house of the Swiss Parliament has voted 7-4 with 2 abstentions to recommend that Switzerland [...]
ZURICH, SWITZERLAND – Zurich’s mayor has become the latest celebrity in Switzerland to have the US Embassy in Bern punch holes in her passport as she gives up her US citizenship. Corinne Mauch, 52, was born in Iowa City, Iowa with dual Swiss-US citizenship, and she spent her early years in the Midwest. She has [...]
BERN, SWITZERLAND – The Swiss government formally adopted the Fatca tax agreement with the United States Wednesday morning, publishing at the same time the results of its consultation (French, German) with interested parties within Switzerland. Background, GenevaLunch, Fatca The statement from Bern, in full: “Both the Fatca agreement between Switzerland and the United States that [...]
GENEVA, SWITZERLAND – Details are gradually emerging about the €600,000 held by Swiss banks in the name of France’s former budget minister, Jérôme Cahuzac. RTS revealed late Thursday that Philippe Péninque, a businessman and advisor to former right-wing leader Jean Marie Le Pen had opened an account at UBS for Cahuzac in 1992, which was [...]
Swiss Abroad slams gov’t for hasty tax deals that don’t consider country’s expats BERN, SWITZERLAND – The new US Fatca law that Switzerland has agreed to observe starting in 2014, as well as an agreement with France on inheritance taxes, overlooked the needs of Swiss citizens who live abroad, the Congress of the Swiss Abroad [...]
Bern says signing seen as “positive signal” by the US for sorting out past banking problems BERN, SWITZERLAND – Switzerland and the United States signed the Fatca tax accord in Bern Thursday morning 14 February, a day after the Federal Council gave the green light for State Secretary Michael Ambuehl to do so. “Initialled on [...]
NY tribunal opens procedure against Switzerland’s largest bank for correspondent role Parliament: both houses’ oversight committees want to hear bank surveillance body on Libor scandal ZURICH, SWITZERLAND – Legal woes with US justice authorities are not over for UBS, with new legal proceedings in New York opened Monday 28 January against the bank to investigate [...]
Foreign governments will be able to use group requests to help find tax dodgers EU says more measures are needed, urgently, to avoid black list BERN, SWITZERLAND – The Swiss Federal Council says the new Tax Administrative Assistance Act (TAAA) will come into force 1 February 2013, noting that no referendum was called. “Consequently, group [...]
GENEVA, SWITZERLAND – There’s a better way for the IRS, the US tax office, to collect money, a group of US citizens says, noting that it is “alarmed and vexed” at costly and cumbersome Fatca legislation the US is enacting. Its suggestions were unveiled Saturday in London. American Citizens Abroad (ACA), based in Geneva but [...]
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