Awani Review

Complete News World

USA: The IRS is involved in the search for fraudsters in Switzerland under the Fatka Agreement.

USA: The IRS is involved in the search for fraudsters in Switzerland under the Fatka Agreement.

U.S. tax authorities solicit customer data from 26 Swiss banks.

U.S. tax authorities (IRS) continue to search for tax evaders in Switzerland. It seeks information on accounts identified as American with 26 financial institutions within the framework of the Fatka Agreement.

The companies involved are specifically UBS Switzerland, Swiss Life, Bank Microse, Postfinance, Julius Bear, Condonal Banks (Zurich, Volais, Bern, Basel, Arco) but Bank Killer, J.C. Safra Sarasin or Partier, Piquet Galland, Banque Heritage and Banque Syz. The deadline for contact information is Wednesday, June 15 for 20 days.

On Tuesday, according to Federal Tax Administration (FCA) documents, “accounts identified as U.S. accounts or non-participating financial institution accounts, payable overseas, and related companies were notified.” IRS for 2021.

In its request for administrative assistance, U.S. tax authorities have relied on an agreement between Switzerland and the United States aimed at enforcing the Fatka Act (the “Foreign Accounts Tax Compliance Act”).

In June 2021, tax authorities across the Atlantic searched for customer data from about forty Swiss banking institutions.

See also  In the United States, Republican senators block the infrastructure deal