Ellen's Swiss News World
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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 [...]
President Widmer-Schlumpf: deal initialed Monday BERN, SWITZERLAND – The US and Switzerland have initialed an agreement covering Fatca, the US foreign account tax compliance act that goes into effect in 2013, Bern announced late Tuesday afternoon 4 December. A key success for the Swiss has been ensuring that small, primarily local banks can be excluded [...]
ZURICH, SWITZERLAND – A startling Thanksgiving Day gift awaited Americans in Switzerland, green card holders and even non-US spouses of Americans who have bank accounts with UBS. The Swiss bank sent out American IRS W-9 forms (taxpayer identification), asking clients to sign these, as well as a form where they agree to renounce protection under [...]
SBA expects Fatca to continue creating difficulties for “US persons” living abroad GENEVA, SWITZERLAND – US Fatca legislation is being refined before it goes into effect in 2013 and the latest change, according to American Citizens Abroad (ACA) 19 November, is a new version of the recommended Intergovernmental Agreement (pdf) with a “loosener” that is [...]
BERN, SWITZERLAND – Swiss officials say if the German parliament does not approve the new tax treaty which is scheduled to go into effect in January 2013 Switzerland will not go back to the negotiating table to draft a new deal. The German parliament will vote 23 November on the deal, initialed in 2011. Swiss [...]
Report on abuses sent to all members of Congress, Obama administration Update: The report is available online on the web site of The Americans in Switzerland Working Group Update 11:50 GENEVA, SWITZERLAND – A new report by several American citizen organizations outside the US is being used to give overseas citizens a voice in the [...]
Bern and Rome: speeding up new tax talks with Italy Derivatives, financial markets infrastructure to see new laws BERN, SWITZERLAND – Switzerland will “soon” begin negotiations with the United States over a framework agreement for simplified implementation of the American Fatca rules. Fatca (Foreign Account Tax Compliance Act ) is a US law created in [...]
Credit Suisse asked by US Dept. of Justice for new data on old clients ZURICH, SWITZERLAND – A deal to settle investigations of some Swiss banks by the US Department of Justice (DOJ) may not be found before November and the US presidential election, as earlier suggested, the ambassador leading the talks for Switzerland suggested [...]
BERN, SWITZERLAND – The new “framework” agreement published jointly by the US and Switzerland Thursday 21 June opens the door to negotiations but is not yet a deal with clear regulations: for now it provides signposts for US citizens living in Switzerland to where tax compliance for the IRS is headed. The framework is designed [...]
GENEVA, SWITZERLAND – Americans living in Switzerland have been abuzz for months with stories about fellow citizens who were starting to have trouble with their Swiss banks closing accounts. Some of the first stories were shared at a Town Hall meeting at Webster University in 2011, organized by American Citizens Abroad. Rumours and innuendo have [...]
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