01/14/2010
European Union (EU) Tax Commissioner-designate Algirdas Semeta has urged member states to increase pressure on Austria and Luxembourg to sign the anti-fraud agreement with Liechtenstein
During a recent EU parliamentary committee meeting, the designated Tax Commissioner emphasized the fact that there are still member states within the EU who continue to oppose the agreement.
Given that the anti-fraud agreement with Liechtenstein is expected to serve as a model for the negotiation of further agreements with other countries, such as Switzerland and Monaco, it is imperative that the agreement is signed and sealed, he continued.
Source: Tax news
05:17 Posted in General | Permalink | Comments (0)
01/13/2010
UBS Lays Out New Employee Ethics Code
Dow Jones Newswires has reported that UBS issued a code of ethics and conduct it will require all of its roughly 69,000 employees to sign, part of the Swiss bank's effort to restore its reputation after a messy U.S. probe into hidden offshore accounts.
The code sets standards of conduct in areas such as financial crime, competition, confidentiality, diversity and cross border business.
05:10 Posted in Switzerland | Permalink | Comments (0)