Plans for governments to exchange tax information were thrown into disarray at negotiations in June 2003 over the European Union Savings Tax Directive. Despite the EU's commitment to information exchange as the ultimate objective of its plans for policing tax compliance, Switzerland — drawn into the debate — insisted on preserving its banking secrecy. The result: The EU granted a temporary, possibly permanent, exemption from information exchange obligations to Switzerland, then conceded the
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
