Author Samuel Jaberg sat down to interview Jacques de Watteville, Switzerland’s State Secretary for International Financial Matters. Mr. de Watteville is the man in charge of implementing Switzerland’s new treaty on automatic exchange of information between tax authorities. Before we dive into the interview, some background information about how the automatic exchange of information works is useful.
According to the article,
“… banks will collect data on their clients and transfer it to their national taxation authorities, which then forward it in encrypted form to the authorities in the respective countries. The name, address, account number and balance will be divulged, as well Read More