Swiss banks demand proof French clients not dodging tax: Report


Reading articles is for subscribers only. Subscribe now.

At least two Swiss banks are now asking French clients for proof they are not dodging tax, a newspaper said Sunday, as France and other countries step up the fight against tax evasion, reports The Economic Times.

The daily Le Parisien reported that both UBS and Credit Suisse were asking for a document signed by a lawyer or an accountant "allowed to practise in France" certifying customers' accounts are in line with tax authority requirements.

The paper quotes a UBS document as saying that "if the assets held at UBS have not been declared to relevant tax authorities", the customer will be asked to "consider measures necessary for regularisation."