In the case of stolen data, Swiss authorities would extend assistance on tax matters to other countries provided such information was procured through normal administrative assistance channels or from public sources. Watch Video: What’s making newsHowever, administrative assistance is still not possible if a country actively acquired the stolen data outside of administrative assistance proceedings. In this regard, the Federal Council on Friday adopted the dispatch on amending Tax Administrative Assistance Act. The Swiss government on Friday said the practices with regard to “stolen data are to be eased”. Last month, Switzerland started the process for an ordinance to put in place a mechanism for automatic exchange of tax information.

Source: Indian Express June 10, 2016 15:45 UTC