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Swiss, French to resume tax data exchange after resolving concerns

Reuters  |  ZURICH 

By Joshua FranklinZURICH (Reuters) - Switzerland and France have smoothed over concerns which had blocked the exchange of tax data between the two countries, a boost to French efforts to pursue cash hidden from the taxman. The way in which data sent over by Switzerland was used in a French legal case involving UBS , Switzerland's biggest bank, had raised concerns for the Swiss that the two countries differed in their understandings of their double taxation agreement (DTA). DTAs are in place to try to prevent double taxation and also set ground rules for administrative assistance in tax ...

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First Published: Thu, July 13 2017. 00:22 IST