So much for Swiss banking privacy. Time to shift assets to Monero, Z.cash, bitshares and other truly private stores of value.
"The international convention on the automatic sharing of banking information entered into force on January 1. This heralds the beginning of the end of the country’s reputation as a tax haven.
The application of the ‘Multilateral Convention on Mutual Administrative Assistance in Tax Matters’ means that Switzerland has come into line with international standards on taxation. Over a hundred other states have already signed-up to the agreement. This will ensure that financial information on bank accounts held by citizens of certain countries in Switzerland and vice-versa will be shared annually. Switzerland will begin collecting such data from 2017 onwards and begin sharing it with select countries from 2018."
http://www.swissinfo.ch/eng/business/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134
"The international convention on the automatic sharing of banking information entered into force on January 1. This heralds the beginning of the end of the country’s reputation as a tax haven.
The application of the ‘Multilateral Convention on Mutual Administrative Assistance in Tax Matters’ means that Switzerland has come into line with international standards on taxation. Over a hundred other states have already signed-up to the agreement. This will ensure that financial information on bank accounts held by citizens of certain countries in Switzerland and vice-versa will be shared annually. Switzerland will begin collecting such data from 2017 onwards and begin sharing it with select countries from 2018."
http://www.swissinfo.ch/eng/business/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134