Today sees the launch of eprivateclient’s 2016 special report on Switzerland.
The report is published as Switzerland remains under the watchful gaze of US and European tax authorities as it continues to try to shake the unwanted reputation as a tax haven for the global wealthy. The country is committed to projecting itself as a transparent jurisdiction open to business.
The introduction of the Common Reporting Standard, FATCA and other tax deals with the EU and EU jurisdictions, as well as the media backlash from scandals such as the Panama Papers and Bahamian data leaks, mean that it is vital for Switzerland to remain innovative and appealing to wealthy clients.
The report contains six articles looking at a wide range of issues shaping the wealth management sector in Switzerland including:
- Charles Russell Speechly’s Mark Summers and Grégoire Uldry explain why Switzerland remains a premier destination for the world’s wealthy with low tax rates just one of its potential charms
- What does the future hold for the relationship between the EU and Switzerland, asks Fragomen’s Brussels based Christine Sullivan
- Zedra’s Bart Deconinck explores what impact US transparency rules will have on the fine line between privacy and secrecy in Switzerland
- Ninel De-Faveri-Senmache, partner and chief executive at FINAKEY Multi-Family Office explains what needs to be done prior to the introduction of the Common Reporting Standard
- McDermott Will & Emery’s David Adler examines why confidentiality remains crucial for some clients
- What will the fallout from the Panama Papers mean for Switzerland, asks Stephenson Harwood’s Emily Osbourne
To view the report please click here