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The Swiss State Secretariat for International Financial Matters has proposed that from July 1, 2011, unsupervised foreign proprietary traders be permitted to be members of a Swiss exchange, to make Swiss rules consistent with those of the European Union (EU). Currently, foreign securities dealers can be members of a Swiss exchange only if they are [...]

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The Swiss Federal Council has recently requested authorisation from the National Council and the Council of States to amend certain double taxation agreements (DTAs), already approved by parliament, to ensure that they are in line with internationally applicable standards on administrative assistance in tax matters. Commenting on the latest dispatch, the Swiss Federal Administration states [...]

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