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Switzerland Approves Automatic Exchange of Finance Account Information with Australia and the EU

|Treaty Development|Switzerland-Australia-European Union
Switzerland-Australia-European Union

On 31 May 2016, the Swiss parliament approved the joint declaration on automatic exchange of information with Australia and the protocol to the 2004 EU savings tax agreement. The agreement and the protocol both provide for the automatic exchange of financial account information in line with OECD standards. Collection of the information will begin 1 January 2017, with the first exchanges to take…

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