UBS: Treaty Process On Track; Annex to Agreement Now Published in Switzerland's Official Compilation of Legislation
Bern, 17.11.2009 - The official assistance that Switzerland is providing to the US tax authorities in connection with the UBS affair is on track. The tax treaty between Switzerland and the USA provides the corresponding legal framework. Issues relating to implementation, the associated deadlines and the number of cases involved (4,450) were laid down in the agreement of 19 August 2009 between the Swiss Confederation and the USA. The criteria for granting assistance under the treaty request were published today, 90 days after the agreement was signed, in Switzerland's official compilation of legislation.