Cross-border tax evasion should be prevented with the help of the new global standard for the automatic exchange of information (AEOI). The standard makes provisions for the mutual exchange of information on financial accounts between states that have agreed to the AEOI. Aside from Switzerland, almost 100 states, including all major financial centres, have declared their intention to adopt the standard.
Switzerland will start collecting data on 1 January 2017 and exchange it for the first time in 2018. To date Switzerland has agreed to the AEOI with many partner states (please refer to appendix no. 1).