IRS to delay US tax filing IR-2020-66, April 9, 2020 WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 (PDF) extends additional key tax deadlines for individuals and businesses. Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file...Read More

      Global Forum: Switzerland scores well Bern, 06.04.2020 – The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has also rated Switzerland as largely compliant in the second round of peer reviews on the exchange of information upon request. The report was published on 6 April 2020. It noted significant improvements,...Read More

      Widespread success of minimum BEPS standards Thanks to the OECD’s treaty-shopping prevention rules, most of Inclusive Frameworks jurisdictions have now agreed to eliminate double taxation, non-taxation or reduced taxation opportunities. At the same time such jurisdictions will prevent  businesses and investors to benefit under tax treaties through the implementation of anti-abuse provisions....Read More

      COVID-19: Information for companies and individuals Information by Swiss federal government Health and safety Overview: New coronavirus Current situation – Switzerland and international Federal government measures Coronavirus Infoline (24/7): +41 58 463 00 00 (Please note: This Infoline does not provide medical advice. Due to the high volume of calls you may experience delays...Read More

          Taxation of digital economy: Swiss response to recent OECD statement   Introduction Digitalisation is changing the way businesses operate and new business models have become a growing challenge for existing international tax systems. Under the Base Erosion and Profit Shifting (BEPS) project, the Organisation for Economic Cooperation and Development (OECD)...Read More

        EU lists Cayman Islands, Panama as tax havens, spares Turkey BRUSSELS (Reuters) – European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU’s blacklist of tax havens, while giving Turkey more time to avoid being listed, an EU document said on Tuesday. The list, which...Read More

      Financial Action Task Force (FATF): Switzerland has strengthened its AML measures   Paris, 13 February 2020 – Since the 2016 assessment of Switzerland’s measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework. Switzerland has been in an enhanced follow-up process following...Read More

6 Feb 2020 The Tax Information Exchange Agreement (TIEA) between Singapore and the United States of America, signed on 13 November 2018, will enter into force on 5 March 2020. The TIEA will permit Singapore and the United States of America to exchange information for tax purposes. This enhances tax cooperation between the two countries....Read More

FINMA implementing small banks regime The Swiss Financial Market Supervisory Authority FINMA is implementing the small banks regime at circular level as of 1 January 2020: small, particularly liquid and well capitalised banks are to be exempted from certain regulatory requirements. FINMA is adjusting eight FINMA circulars for this purpose. Following a pilot phase lasting...Read More

        Federal Council adopts dispatch on amending AEOI Act Bern, 20.11.2019 – During its meeting on 20 November 2019, the Federal Council adopted the dispatch on amending the Federal Act on the International Automatic Exchange of Information in Tax Matters (AEOIA). The aim of the proposal is to implement the recommendations of the Global Forum...Read More