“The Swiss government signed the controversial Fatca deal with the US last month. Parliament is due to discuss it later this year and political parties on the right and left have already announced they will reject it. Fatca obliges foreign banks to report offshore accounts held by US tax payers, including expats. The law is part of a policy by the US authorities to crack down on tax dodgers. France has announced it wants to revise a 1953 accord in a bid to recover inheritance tax from its citizens living in Switzerland and force Swiss who own property in France to be taxed there. The Swiss Abroad community as well as the cantons strongly oppose the amendments.”
http://www.swissinfo.ch/eng/politics/Tax_and_banking_cause_concern_for_expats.html?cid=35247000
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