Finance
Swiss Widen Bank Data Sharing With US in Tax Dodging Clampdown
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Switzerland and the US have tightened the automatic exchange of bank information, making it harder for American citizens to keep their account data from getting into the hands of US tax authorities.
US clients in Switzerland lose the possibility to withhold their consent to have their data shared with US authorities from 2027, the Swiss Finance Ministry said in a statement on Thursday announcing the agreement.