Sign up for free newsletter


Switzerland flag

Comment Swiss-UK tax deal will be headache for banks

Glen Millar, head of Kinetic Partners’ Swiss operations, on the Swiss-UK tax arrangement announced on Thursday by the Treasury…

The news that the UK and Switzerland have reached a landmark deal that will see unpaid UK taxes from Swiss offshore accounts returned to the Treasury, will leave Swiss private banks and others with an operational headache. We are working with private banks and others in Switzerland to ensure they explain the implication to their clients, establish processes and procedures for identifying and calculating the correct amounts and make the payment of taxes to the UK on a timely basis. Swiss based private banks will also need to plan for the impact of this agreement and consider how it will affect business strategy in the future.

4 days 18 hours from now - Cape Town
4 days 18 hours from now - London
4 days 18 hours from now - New York
1 week 2 days from now - Melbourne
1 week 3 days from now - Zurich
Thu, 10/11/2016   - London
Tue, 22/11/2016   - London
Mon, 28/11/2016   - London
The Gemini Companies
Mon, 17/10/2016 - 12:51
FundCount LLC
Tue, 04/10/2016 - 10:30
Thu, 29/09/2016 - 21:25
other gfm publications