Switzerland Begins to Play Ball
June 19th, 2009
I read with interest the following from a Treasury Department release today:
“As part of the Obama Administration’s aggressive efforts to enforce U.S. tax laws and reduce offshore tax evasion, the U.S. Department of the Treasury today announced the conclusion of negotiations with Switzerland to amend the U.S.-Switzerland income tax treaty to provide for increased tax information exchange. Official signing of the protocol is expected in the next few months.”
The Swiss have finally agreed to do what they should have done years ago. As weak as that is.