Diritto ed Economia dell'ImpresaISSN 2499-3158
G. Giappichelli Editore

27/11/2019 - USA-Switzerland: stop to double taxation

argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: United States - Switzerland - double taxation

Washington has unblocked the ratification of the Convention between the United States and Switzerland to avoid paying taxes twice, actually already signed in 2009: the Senate has given the definitive go-ahead to renew the agreement with the Swiss Confederation, blocked by about one decade due to alleged violation of the right to privacy, implying an exchange and processing of data excessively in conflict with the traditional canons related to the guarantee of private rights. It will, in fact, be immediately valid. The agreement covers all legal entities that have foreign ties in the area of income and wealth taxes. A panacea, especially for Swiss companies that have significant financial and interchange relations with the United States.