September 24, 2009 - Phil Hodgen

Treaty between Switzerland and USA updated

Protocol signed yesterday, September 23, 2009.

Major change of interest to you who read this?  Article 26.  The new rules for sharing information from Switzerland to the United States will conform to the OECD standard.  Bottom line?  The Swiss “tax fraud”/”tax evasion” difference (the former will justify information sharing, the latter will not) is likely to go.

US Real Estate Investments Voluntary Disclosure