RT.COM: Switzerland will now assist international tax authorities in disclosing information on bank accounts held by foreigners who avoid taxation at home.
Joint efforts by the EU, the US and number of other countries have led to Switzerland introducing new banking laws on February 1. The new regulation now allows foreign tax services to send group requests for bank account information of their citizens. Banks, nominal account holders, agents or trust managers will now be obliged to provide the information. » | Friday, February 01, 2013