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Switzerland: Exchange of Tax Information

(Sept. 3, 2010) On September 1, 2010, the Swiss Federal Council (Bundesrat, Federal Cabinet) adopted the Regulation on Administrative Assistance Accorded to Double Taxation Conventions (Amtshilfeverordnung [Administrative Assistance Regulation], advance copy, Federal Administration of the Swiss Federation website, (last visited Sept. 1, 2010)). This Administrative Assistance Regulation provides the principles and procedures applicable to […]

Switzerland: Federal Procedural Laws Enacted

(Aug. 25, 2010) On January 1, 2011, several federal procedural laws will become effective in Switzerland. These will replace the corresponding laws of the 26 cantons as well as several federal enactments. These new federal laws are: the Swiss Code of Criminal Procedure (Schweizerische Strafprozessordnung), October 5, 2007 (AMTLICHE SAMMLUNG DES BUNDESRECHTS [AS] 1881 (2010) […]

Switzerland: Parliament Passes Agreement with United States on UBS

(June 23, 2010) On June 15, 2010, the National Council, Switzerland's lower house of parliament, reversed its initial, June 8 rejection of the deal and approved an agreement with the United States to settle tax evasion lawsuits lodged by U.S. authorities against the Swiss banking giant UBS AG. The vote was 81-61, made possible after […]

Switzerland: Initiative on Biometric ID Cards for Foreigners

(Mar. 10, 2010) On March 3, 2010, Switzerland's National Council (the larger chamber of the two-chamber parliament) adopted a decision to include biometric data on the identification cards of foreigners. Such data (fingerprints, facial photograph, digital signature, stored in a microchip) on Swiss nationals has been included in the new Swiss passport, issued since March […]

Switzerland: Court Decision Denies Release of UBS Bank Records to the IRS

(Jan. 29, 2010) On January 21, 2010, the Swiss Administrative Court rescinded a decision of the Swiss Federal Tax Administration that would have released Swiss banking records to the U.S. Internal Revenue Service (IRS) (Bundesverwaltungsgericht, docket number A-7789/2009, Jan. 21, 2010, available at, even though Switzerland had promised to process this IRS request for […]

Switzerland: New Law Encourages Multilingual Culture

(Jan. 19, 2010) On January 1, 2010, a new Swiss law went into effect that aims at preserving the multilingual culture of Switzerland. (Bundesgesetz über die Landessprachen und die Verständigung zwischen den Sprachgemeinschaften (Federal Act on the National Languages), Oct. 5, 2001, Amtliche Sammlung des Bundesrechts 2007, 6605 available at The new Act implements […]

Switzerland: Federal Administrative Court Chastises Financial Markets Authority for Releasing UBS Records to IRS

(Jan. 8, 2010) On January 5, 2010, the Federal Administrative Court issued a judgment in which it held that the Swiss Financial Markets Supervisory Authority (Eidgenössische Finanzmarktaufsicht, FINMA)had acted unlawfully on February 18, 2009, when it ordered UBS AG, a Swiss Bank [UBS], to release its banking records concerning close to 300 U.S. customers to […]

Switzerland: Referendum Bans Minarets

(Dec. 4, 2009) On November 29, 2009, the Swiss people approved a popular initiative that inserts into the Federal Constitution a new article 72, paragraph 3, that states, “[t]he construction of minarets is prohibited.” (Eidgenössische Volksinitiative 'Gegen den Bau von Minaretten,' Nov. 30, 2009, at Some 53.4% of the electorate voted on the initiative, […]

Switzerland: Information on Tax Evasion

(Dec. 4, 2009) On November 17, 2009, the Swiss Federal Authorities gave a progress report on the processing of U.S. Internal Revenue Service (IRS) requests for information on the suspected tax evasion by U.S. residents who had banked with UBS AG, a Swiss bank (The Federal Authorities of the Swiss Confederation, UBS: Treaty Process on […]

France; Switzerland: Exchange of Bank Information for Tax Purposes

(June 25, 2009) On June 12, 2009, France and Switzerland agreed to amend their existing bilateral tax treaty by adding a provision that allows the exchange of bank information for tax purposes, bringing the treaty up to the standard of the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention (OECD, Centre for Tax […]