Asset Management "PLUS" offers a wide range of investment products and functions across asset classes and investment styles. Managing global and regional portfolios and other investment vehicles for firms, institutions, corporations and individuals worldwide.
Our services
- Financial Services
- Private Client Solutions
- Asset Management
- Extended Financial Planning
- Investments assistance
- Legal Financial Protection
- Tax Audit support
- Taxation assistance
- Regularizing financial affairs
Our markets
Our team can help you anticipate risk issues and navigate through your exposures, with a close eye on Data Automatic Exchange of Information , and other regulations that affect your financial coverage needs. We design financial solutions for your financial risk profile, leveraging our relationships with specialty insurers worldwide.
You benefit from our experience with specialty financial companies, mid-size and large financial institutions.
News
26.11.2015
A recent Dutch group request for administrative assistance shows that even before the “automatic exchange of information” (AEoI) measure is effective in Switzerland in 2017, those with undeclared assets need to consider making a disclosure.
The Swiss federal tax administration recently approved a Dutch group request for administrative assistance, and it is expected that the Netherlands will soon target other Swiss banks’ clients as well and that other countries will follow this approach.
While the AEoI in certain “early adopter countries” will be effective 1 January 2016, other countries—including Switzerland—have confirmed to implement the AEoI as from 2017. However, foreign tax authorities currently may obtain client data of (former) clients of Swiss and other foreign banks, insurance companies or fiduciary firms.
12.08.2015
Seven more countries agree to CRS on AEOI.
The agreement was signed in Paris at the OECD headquarters.
With this, the total number of countries that have agreed to the automatic exchange of information is 61.
Now 94 countries have committed to exchange information on an automatic basis from 2017 onwards under the new global standards on automatic exchange of information, known as common reporting standards (CRS) on automatic exchange of information (AEOI).
05.07.2015
Greece proposes tax amnesty for funds parked in Swiss.
Athens wants a tax amnesty deal for Greeks who have stashed cash (from between 2.0 billion to $200 billion euros) in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country.
Swiss authorities and banks are working to clean up their systems and make it easier for countries to crack down on tax cheats.
All EU citizens with hidden assets in the Alpine nation will need to come clean by 2018, when a system of automatic banking information exchange will be introduced.
29.05.2015
Swiss authorities began to publish...
Swiss authorities began to publish online details of foreign legal entities and individuals suspected in the homeland of tax evasion.
In the new practice of the Swiss tax authorities first drew the attention of the local edition Sonntagzeitung. On Sunday, May 24, it published an article that puts the country's tax office online information about foreign legal and natural persons whom the authorities in the home of suspected tax evasion.
23.03.2015
Combating tax evasion as top priority of the new Greek government.
Greek tax payers should consider regularizing their affairs as soon as possible in order to minimize the risk of a criminal prosecution for tax evasion. In any case at the time of the enforcement of the Automatic Exchange of Information, which Switzerland will most likely adopt by 1 January 2017, undeclared income and assets need to have been regularized.
More info http://blog.kpmg.ch/combating-tax-evasion-top-priority-new-greek-government/
Connect with AM PLUS:
+41 (0) 61 271-25-00
Basel, Switzerland
Asset Management "PLUS"
Innere Margarethenstrasse 17
AEOI Timeline of New Standard
This table summarizes the intended implementation timelines of the new standard
More info here:
Automatic Exchange Of Information.
How it really works?
The automatic exchange of information is a mechanism that allows tax authorities to exchange taxpayers' resident data.
The G20 Members decided in early September to set a deadline (end of 2015) within which the automatic exchange of information will be introduced, while works are already in progress in the Swiss banks.
More info here:
Tax transparency package includes...
The European Commission published a tax transparency package on 18 March 2015 that contains proposals to combat tax avoidance by multinationals that threatens EU member states’ tax revenues. A key component of the package is a proposal to introduce the automatic
exchange of information between the tax authorities of EU member states on their tax rulings.
More info here:
Tax transparency.
Fight against avoidance, what will change...
The fight against corporate tax avoidance is central to the European Commission's political priority to ensure a fairer Single Market.
More info here:
Exchange of information on the basis of the double taxation treaty CH – GR.
The updated double taxation treaty between Switzerland and Greece allows for an exchange of information according to article 26 of the OECD Model Tax Convention. This means that Switzerland would, upon request of the Greek state and provided that the respective requirements are met, grant administrative assistance, including group requests.