Posted by Nick Day on 25 Aug 2011

Swiss Bank Accounts Hit by Tax Deal

A deal between HMRC and the Swiss authorities was announced on Wednesday following a similar Swiss / German arrangement earlier this month.

Whilst account holder anonymity will be maintained, from 2013 onwards the Swiss authorities will tax UK citizen account holders who have connected assets with undisclosed tax liabilities and forward those taxed sums to HM Treasury.

To read the full story on the Financial Times website please click here – www.ft.com

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