27.05.2015

During its meeting today, the Federal Council initiated the consultation on the agreement with the EU regarding the automatic exchange of information in tax matters. The agreement was signed in the morning in Brussels. Switzerland and the 28 EU member states intend to collect account data from 2017 onward and exchange it from 2018 once the necessary legal basis has been created. By implementing the global standard, Switzerland and the EU will make an important contribution to the prevention of tax evasion. This dovetails with the Federal Council's financial market policy, which supports internationally compliant taxation.