08 Dec Eu Switzerland Agreement Automatic Exchange Of Information
The spontaneous exchange of information includes the following tax criteria: this section presents all the bilateral exchange relations that currently exist for the automatic exchange of CBC reports between tax authorities. The number in brackets behind each jurisdiction in the drop-down menu indicates the total number of bilateral exchange relations currently activated in relation to that jurisdiction. If, for a given jurisdiction, the number of exchange partners cited as sending CBC reports to the jurisdiction is greater than the number of exchange partners designated as recipients of cbC reports under the jurisdiction, this can be explained by the fact that a number of these partners are “non-reciprocal jurisdictions” (i.e., they have committed to sending CBC reports to their trading partners, but do not receive cbC reports from their exchange partner). In a European Council decision of 27 October 2010, the European Union recognised the evolution of the institutional position of the island of Saint-Barthélemy in its relations with the French Republic and also changed the status of the island in relation to the European Union. With effect on 1 January 2012, the island is no longer an outermost region located on the territory of the European Union and is now a dependent/associated region of France, which is covered only to a limited extent by the Treaty on the Functioning of the European Union provided for in Schedule II of the Treaty for the other regions mentioned above. An agreement signed on 17 February 2014 between the European Union and France on behalf of Saint-Barthélemy guarantees the continuation of the implementation of the current and future acquis in the field of savings taxation and administrative cooperation between the tax authorities by the Isle of the Eu. The AIA is an international standard that governs how tax authorities in participating countries exchange data on taxpayers` bank and deposit accounts. The aim is to make tax evasion impossible. The G20 countries, the OECD and other major financial centres, which together have more than 100 countries, have committed to implementing the AIA. The United States, which implements its own standard (FATCA), is an exception. Most corporate restructuring (. B, for example, mergers, mergers, transfers of assets within a group of companies, vertical and horizontal separation of companies or activities, cross-border equity transactions and restructurings that maintain Swiss tax residence and exchange of comparable interests) are generally possible without the adverse tax effects of Switzerland (tax neutrality).
In addition, specific rules provide a legal framework for tax-neutral substitutes for qualified assets and holdings. In the event of restructuring, it is preferable to ask the relevant tax authorities for tax rulings. Tax rulings covering certain aspects of cross-border restructuring may depend on the spontaneous exchange of information (see spontaneous exchange of information below).