The inland revenue, the French had requested information including the name, date of birth, address, current known or even on the balance of these accounts.
a Small revolution in the field of tax havens. The tax authorities in swiss will be able to communicate to the France of information on taxpayers ‘ French holders of Swiss bank accounts at the bank UBS, and some of which are suspected of tax evasion, announced on Friday the federal Court in Lausanne.
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Nearly 40,000 accounts of taxpayers French at UBS are concerned.
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Only the tax context is concerned
the origin of this decision, of the elements provided by France to “allow the cultivation[a]nt to conclude that a suspicion of unlawful conduct, namely, the part of the holders of the accounts affected would be taxpayers ‘French had not complied with their tax obligations”, was detailed in a press release the federal Court of Lausanne.
On the other hand, the information that can be transmitted are not intended to be used in the framework of the ongoing criminal proceedings against UBS, as the fear for the bank, stressed the federal court. The French authorities have provided guarantees that this information will not be used outside of the tax context, argued the judges.
UBS has appealed, after having been sentenced in February, the heaviest fine ever imposed by the French courts in a case of tax evasion, to 3.7 billion euros. The correctional court of Paris had sanctioned UBS for “the selling bank illegal” and “money laundering, aggravated fraud tax” between 2004 and 2012.
Names, date of birth, address, balance…
The tax authorities of france has welcomed the swiss decision. “The general Directorate of public Finances [DGFiP] is pleased to see its request fiscal assistance validated by the Swiss federal Tribunal. The ‘guarantees’ given by the DGFiP to the swiss administration has been to remember that the use of the data received in the framework of this case will be carried out in accordance with the provisions of the confidentiality provided for by the tax convention franco-suisse”, said the tax department French.
An administrative assistance request was sent out in may 2016 by the Directorate general of public finances in French, to his counterpart in switzerland, the federal Administration of contributions (AFC), on the basis of lists of accounts obtained during searches of bank branches in Germany, in 2012 and 2013.
The inland revenue, the French had requested information including the name, date of birth, address, current known or even on the balance of these accounts. The requested information concerned the period from 2010 to 2015.
