Switzerland, Ireland Sign Revised Double Taxation Treaty

GENEVA — Switzerland and Ireland have signed a revised double taxation treaty enhancing cross-border information exchange in tax investigations.

In a statement, the Swiss Federal Department of Finance said the accord, signed in Dublin Jan. 26, is based on international information exchange provisions set out by the Organization for Economic Cooperation and Development.

Switzerland has now negotiated more than 40 new or revised double taxation agreements since it announced in March 2009 it would accept the OECD norms and incorporate the provisions in new tax treaties. The agreements require Switzerland to provide cross-border information and assistance, under certain defined conditions, in cases involving suspected tax evasion by foreign nationals with Swiss bank accounts…

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