Tag Archives: Tax evasion Switzerland

Under the US Department of Justice’s 2013 ‘Swiss Bank Program’, 80 Swiss or Swiss-based banks paid $1.36 billion in fines for helping clients evade US taxes (Keystone) The Geneva asset management firm Prime Partners has agreed to pay $5 million (CHF4.8 million) to the United States to settle charges for tax evasion and assisting US taxpayers in opening and maintaining undeclared foreign bank accounts from 2001 to 2010....

© Irakite | Dreamstime.com Ahead of the automatic exchange of bank account information, which comes into effect at the beginning of next year, Swiss residents with undeclared foreign bank accounts are rushing to come clean to the tax authorities, according to Swiss broadcaster RTS. According to RTS, 380 have come forward in Fribourg, 173 in Valais, 254 in Jura, around 2,000 in Neuchâtel and 4,000 in Geneva. The canton...

Ahead of the automatic exchange of bank account information, which comes into effect at the beginning of next year, Swiss residents with undeclared foreign bank accounts are rushing to come clean to the tax authorities, according to Swiss broadcaster RTS. © Irakite | Dreamstime.com According to RTS, 380 have come forward in Fribourg, 173 in Valais, 254 in Jura, around 2,000 in Neuchâtel and 4,000 in Geneva. The canton of Vaud did not provide any figures. The head tax inspecter in Fribourg...