Switzerland suspends automatic exchange of info with Bulgaria in wake of data leak

Switzerland's Federal Council has announced that it has "decided to immediately suspend the automatic exchange of financial account information (AEOI) with Bulgaria" due to what it called "a problem with the country's data security" – a reference to the revelation earlier this year that the personal data of some 5 million Bulgarian and foreign taxpayers had been hacked from the Bulgarian National Revenue Agency.

  • Tax
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Opinion

INSIGHT: First it was FATCA, now MiFID II has U.S. investors in Europe facing nightmares

INSIGHT: First it was FATCA, now MiFID II has U.S. investors in Europe facing nightmares

First, U.S. investors living in Europe had to face FATCA. Now it’s the EU’s Markets in Financial Instruments Directive (MiFID II).  Here, Jonathan Lachowitz, of Lexington, Massachusetts-based White Lighthouse Investment Management...

Nov-20-2019