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Swiss Court Blocks US Request for Bank Data Under OLD Treaty

Swiss Court Blocks US Request for Bank Data Under OLD Treaty

Swiss court ruled Switzerland may not hand over the bank details of a Credit Suisse client to U.S. tax authorities, in a potential setback to solving a dispute between the two countries.

In a ruling published on Wednesday that cannot be appealed, Switzerland's Federal Administrative Court said the tax office was not allowed to hand over information on a Credit Suisse client to the U.S. Internal Revenue Service because its request was based solely on a suspicion of tax evasion and did not include the bank account holder's name.

Read more at: Tax Times blog

 
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