Tags: taxation | fraud | Switzerland | Singapore

Switzerland, Singapore Agree to Automatic Exchange of Bank Data

Tuesday, 06 May 2014 11:58 AM EDT

Switzerland and Singapore signed up Tuesday to automatically exchange bank data, a key initiative in a global effort to crack down on tax evasion, the OECD said.

The two nations were among the signatories of a declaration to incorporate the standard for automatic data exchange into domestic law, which would reduce the banking secrecy that has made Switzerland attractive to some investors.

© AFP 2024


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Switzerland and Singapore signed up Tuesday to automatically exchange bank data, a key initiative in a global effort to crack down on tax evasion, the OECD said.
taxation, fraud, Switzerland, Singapore
62
2014-58-06
Tuesday, 06 May 2014 11:58 AM
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