Switzerland's Financial Centre Reforms Are A Work In Progress

Switzerland’s Financial Centre Reforms Are A Work In Progress by Andreas Keiser, swissinfo.ch

In the last few months Switzerland has made progress in making its financial centre internationally compliant. Key areas are the automatic exchange of information, enhanced administrative assistance with other countries, and the reduction of foreign untaxed assets. But there remains work to be done in 2015.

The Swiss government, the majority of parliament and the Swiss Bankers Association all have the objective of tax conformity. They have come to recognize that the financial centre must be clean to achieve international acceptance and remain competitive on the world stage.

The next hurdle will be to pass examination by the Global Forum of the Organisation for Economic Co-operation and Development...