On Wednesday 15 May, the Member States’ ambassadors to the EU (Coreper) adopted the decision authorising the European Commission to open negotiations with a view to amending the agreements on the automatic exchange of financial account information between the EU and Switzerland, Monaco, Liechtenstein, Andorra and San Marino.
The aim of this amendment is to improve international compliance with tax obligations. The Common Reporting Standard (CRS), developed by the Organisation for Economic...