FDF acknowledges divergent Federal Supreme Court ruling on administrative assistance to France
Bern, 26.07.2019 - The Federal Department of Finance (FDF) has taken note of today's divergent decision of the Federal Supreme Court in the case of administrative assistance to France regarding UBS client data. This is to be analysed in detail once the written grounds are available.
The Federal Supreme Court today issued a divergent decision in a public hearing on a request for administrative assistance from France to Switzerland. The appeal by the Federal Tax Administration (FTA) against the decision of the Federal Administrative Court of 30 July 2018 was accepted and the Federal Supreme Court thereby approved the transfer of UBS client data to France in principle. However, it specifies the use of the data in proceedings against third parties (compliance with the principle of speciality).
The FDF has taken note of the judgment of the Federal Supreme Court. It will carry out a detailed analysis once the written grounds for the judgment are available. President of the Swiss Confederation and Head of the FDF, Ueli Maurer, states that the Swiss financial centre meets international standards: "The decision concerns administrative assistance in this specific case which dates back many years. Each future request will also be subject to a detailed examination as to whether the conditions for the transmission of data have been fully met."
Address for enquiries
Roland Meier, Media Spokesperson FDF
Tel. 058 462 60 86, email@example.com