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The Swiss Bankers Association’s (SBA) position on the signing of the tax agreement between Switzerland and the United Kingdom

  • The SBA welcomes the signing of the tax agreement between Switzerland and United Kingdom.
  • In its entirety, the agreement is balanced and fair.
  • The result is that British taxpayers are subject to full taxation on their income on assets in Switzerland in future. In return, their privacy remains protected.
  • The agreement is fair and allows both countries to put past bilateral problems behind them. The United Kingdom receives the taxes owed quickly and efficiently.