The US Federal District Court for the Southern District of New York has issued an order authorizing the US Internal Revenue Service (IRS) to forward a “John Doe” summons on UBS AG for the purpose of obtaining information on US taxpayers who may hold accounts at Wegelin & Co and other Swiss banks to evade US taxes.


The Swiss Federal Council intends to draw up plan for a new value-added tax (VAT) model comprising of just two tax rates instead of current three rates.


In response to questioning by members of the House of Commons Public Accounts Committee, UK Tax Heads from the "Big Four" firms denied that they help companies to avoid paying fair tax and rejected the suggestion to forbid them receiving contracts in the public sector.


Recently the Swiss Federal Tax Administration has transferred CHF 500 mln (USD 549 mln) to the United Kingdom as an upfront payment, as provided for in the bilateral withholding tax agreement between two countries.


Tax authorities in the Swiss canton of Zurich have negotiated with Google, demanding that the company pay more in tax, following the UK parliament’s example.


The Association of Chartered Certified Accountants (ACCA) has attacked UK government plans to introduce a new General Anti-Abuse Rule against tax avoidance, stating that it is unnecessary and will cause uncertainty while failing to prevent tax legislation abuse.


The Hungarian government has announced of plans to get comprehensive information about undeclared offshore accounts of Hungarian taxpayers in order to levy a retroactive 35% tax on the assets kept in foreign banks.


According to the Jersey government, last week new comprehensive double tax agreements were signed by Jersey with the Isle of Man and Guernsey.


Recently Liechtenstein and Austria have concluded negotiations on a bilateral withholding tax agreement and on a revision of the existing double taxation agreement between two countries.


The Swiss Federal Council resolved to bring the new Tax Administrative Assistance Act into effect on February 01, 2013.

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004


tel +357 25 731-042


11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714


52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved