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Alternative Market Briefing

Swiss Funds Association welcomes agreement on implementation of FATCA in Switzerland

Friday, February 15, 2013

amb
Martin Thommen
The agreement on the implementation of FATCA in Switzerland was signed today. The Swiss Funds Association SFA (SFA) welcomes the resultant increase in legal certainty, as well as the reduction in the workload entailed in implementation.

FATCA entered into force in the US on 18 March 2010, its aim being to ensure that all accounts held abroad by US taxpayers are taxed. Foreign financial institutions (FFIs) hav......................

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