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Tax fraud occurs if a tax evasion is committed by using falsified documents for deceptive purposes, a crime (Vergehen / crime) punishable by additional imprisonment of up to three years or an additional fine of up to 30,000 CHF. [61] [62] Tax evasion in Switzerland was estimated at CHF 66 billion according to a study in 2023.
An apartment building closed for property tax evasion. Tax evasion is a crime in almost all developed countries, and the guilty party is liable to fines and/or imprisonment. In Switzerland, many acts that would amount to criminal tax evasion in other countries are treated as civil matters. Dishonestly misreporting income in a tax return is not ...
UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
Internal Revenue Service officials are withdrawing their summons in the UBS and Swiss government tax cheaters case, saying they feel confident they've received a full accounting of the information ...
Implements the EU agreement on the taxation of savings (bilateral II agreements) by regulating the administrative assistance between Switzerland and the EU in the case of tax fraud: 64 Finance – Taxation Zinsbesteuerungsgesetz, ZBstG Loi sur la fiscalité de l’épargne, LFisE Legge sulla fiscalità del risparmio, LFR
Tax noncompliance is a range of activities that are unfavorable to a government's tax system. This may include tax avoidance , which is tax reduction by legal means, and tax evasion which is the illegal non-payment of tax liabilities. [ 1 ]
the value added tax (VAT) the federal direct tax (FDT) the withholding tax; the stamp duty; the military service substitute tax; Subdivisions of the FTA also take care of the application and enforcement of tax law, provide information on tax issues, further develop the tax system and help resolve international tax issues (e.g., double taxation ...
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