The OECD is in the process of developing an international standard for the automatic exchange of information in tax matters. Switzerland participates actively in the work.
Are Swiss authorities preparing a list of Indians with suspected black money?
Since a high-level Swiss delegation met with its India counterparts in New Delhi in February 2014, no further official meeting has taken place.
Switzerland understands and shares India’s wish to fight tax evasion and is committed to complying with the relating international standards. Furthermore, Switzerland is actively taking part in international efforts aimed at better com-bating tax fraud and evasion such as the development of a worldwide standard for automatic exchange of information. Like India, Switzerland has endorsed the declaration on automatic exchange of information published by the OECD on the occasion of its annual Ministerial Council Meeting in Paris on 6/7 May 2014.
Switzerland is committed to resolving any open question with India and trusts that India shares its understanding that any solution can only be found within the established national and international legal frameworks.
Switzerland looks forward to working together with the new government of the Republic of India in its fight against tax evasion.
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.
The agreement between Switzerland and the United States on cooperation to simplify the implementation of FATCA entered into force on 2 June 2014. With its resolution of 6 June 2014, the Federal Council brought the corresponding implementing act into force on 30 June 2014.