On 21 and 22 November 2013, the annual plenary meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has taken place in Jakarta. Switzerland was also represented.
The current question
What is Switzerland's position concerning the automatic exchange of information?
In the event of the automatic exchange of information becoming a worldwide standard, Switzerland is willing to discuss it. However, such a global standard would have to apply to all important financial centres, be they in the Americas, Europe or Asia. In addition, existing gaps must be closed in the identification of beneficial owners in the case of legal entities and trusts, and of other financial constructs.
State Secretariat for International Financial Matters
The State Secretariat for International Financial Matters (SIF) is responsible for the coordination and strategic management of international financial, monetary and tax matters.
OECD/Council of Europe Convention
On 15 October 2013, Switzerland was the 58th country to sign the OECD/Council of Europe Convention on Mutual Administrative Assistance in Tax Matters.
Switzerland is prepared to discuss controversial company taxation issues with the EU Commission. The aim is to find an internationally accepted solution that strengthens the competitiveness of Switzerland as a business location and takes the federal and cantonal budgets into account.
On February 14, 2013, Switzerland and the United States signed the FATCA agreement, which will help Swiss financial institutions by means of simplifications in the implementation of the US tax legislation.