The revised Swiss-Russian double Tax Treaty: The end of Swiss banking secrecy?
On September 24, 2011, Switzerland and Russia signed a Protocol to amend the Swiss-Russian Double Taxation Agreement of 15 November 1995. Russian News Agencies commented widely on this development with regard to new possibilities for obtaining information on bank accounts of Russian citizens in Switzerland. We will examine how this affects Swiss bank secrecy for Russian taxpayers holding assets in Switzerland, although changes are not limited to the exchange of tax information. (...)