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What is Switzerland's Tax Administrative Assistance Act all about?

WHAT IS SWITZERLAND'S TAX ADMINISTRATIVE ASSISTANCE ACT ALL ABOUT? BY RAPID JAM ON FEB I THE "TAX ADMINISTRATION ACT GOES INTO EFFECT FOR SWISS BANKS. HOW DOES IT EFFECT THE FAMOUS BANKING SYSTEM OF THE WORLD? SWISS BAKING HAS ALWAYS MAINTAINED SECRECY OF ITS CLIENTS, FOR MANY HUNDREDS OF YEARS THE SWISS PARLIMENT PASSED THE BANKING LAW OF 1934 TO ENFORCE SECRECY OF ACCOUNT HOLDERS AND THEIR ASSETS TO BLOCK NAZI AUTHORITIES' ATTEMPTS TO INVESTIGATE THE ASSETS OF JEWS IN 1939 WHEN HITLER STARTED INVADING EUROPEAN COUNTRIES, HE WAS AFRAID TO INVADÉ SWITZERLAND AS THE ENTIRE POPULATION WAS ARMED AND PREPARED TO FIGHT A RELENTLESS GUERRILLA WAR SWITZERLAND PROVED ITSELF TO BE A PLACE TO KEEP MONEY SAFELY AND ANONY MOUSLY THIS CAUSED A LOT OF PEOPLE WHO WANTED $4 TO HIDE "BLACK MONEY" (ON WHICH TAX WAS NOT BEING PAID) TO ALSO OPEN SWISS BANK ACCOUNTS IT WAS RECENTLY 1200 BILLION ESTIMATED THAT SWISS 4 TRILLION SWISS 1800 FRANCS BILLION OTHER COUNTRIES FRANCS WERE IN SWISS MONEY SWISS BANKS. FRANCS 880 ..... LEGAL EU MONEY 30% OF IT IS MOST BILLION SWISS LIKELY ILLEGAL E.U. ILLEGAL EU MONEY FRANCS MONEY. SWISS MONEY IT IS UNRNOWN EXACTLY HO W MUCH OF THE OTHER COUNTRIES MONEY IS BLACK TO HELP OTHER GOVERNMENTS TRYING TO CATCH PEOPLE ESCAPING TAXATION, THE SWISS GOVERNMENT PLANS TO HANDOVER ACCOUNT INFORMATION UPON SPECIFIC REQUESTS. THE GOVERNMENT IS ADOPTING OECD STANDARDS SET BYy A COMMITTEE OF 0.E.C.D. (THE ORGANISATION FOR ECONOMIC BETTER POLICIES FOR BETTER LIVES co-OPERATION AND DEVELOPMENT) THE NEW LAWS THAT WILL ENFORCE THE SWISS BANKS TO FOLLOW THE STANDARDS IS CALLED THE TAX ADMINISTRATIVE ASSISTANCE ACT SOURCES HTTP://Www.OECD.ORG/CTP/TAXTREATIESIARTICLE260FTHEOECDMODELTAXCONVENTIONONINCOMEANDCAPITAL.HTM HTTP://Www.EFD.ADMIN.CH/DOKUMENTATION /MEDIENIN FORMATIONEN/00467/INDEX HTMLPLANG-ENEMSG-ID-40091 HTTP://Www.PBSORG/WGBH/PAGES/FRONTLINE/SHOWSINAZISIREADINGSIHALBROOK.HTML NOTES: I SWISS FRANC IS VALUED AT AROUND I U.S. DOLLAR

What is Switzerland's Tax Administrative Assistance Act all about?

shared by rapidjam on Jan 27
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Switzerland's Tax Administrative Assistance Act activates Feb 1. What is it?

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rapidjam

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tax economic

Category

Economy
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