GENEVA: Switzerland’s Supreme Court ruled that the government can comply with a French request for information about a UBS client’s bank account, despite the request probably being founded on stolen data.
The decision overturns a 2016 Swiss Federal Court ruling ordering the Swiss Federal Tax Agency (SFTA) not to comply with the French request the detail of hundreds of people with a UBS bank account after one client objected.
He appealed against the disclosure, arguing that administrative requests based on stolen data evidence are invalid.
A Swiss court ruled in his favour, adding the request “infringed the principles of good faith” implicit in the double taxation treaty between Switzerland and France.
After appealing to the Swiss Supreme Court, the SFTA won a case which ruled that the Swiss prohibition on the use of stolen data did not apply in this case.
