As English is not one of Switzerland's official languages only selected documents are translated into English. All translations are based on the definitive text in German. For further documents, kindly refer to the other languages.
Switzerland and the United States signed a joint statement in Washington at the end of August 2013. The solution respects the Swiss legal system, does not create any retroactive regulations and does not involve emergency legislation. It enables Swiss banks to participate voluntarily in the unilateral US programme.
The Federal Council would like to contribute actively, within the scope of the OECD, to the development of a global standard for the automatic exchange of information. This should prevent untaxed foreign assets from being invested in Switzerland.
On 1 January 2013, the withholding tax agreements with the United Kingdom and Austria entered into force. Negotiations are under way with Greece and Italy. Other countries both within and outside Europe have also shown an interest.