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Swiss signs tax info sharing deal with Australia

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Zurich - Switzerland has signed a deal with Australia to exchange tax information, the country's first such agreement under an international framework to automatically swap tax information, the Swiss finance ministry said on Tuesday.

The country is under growing international pressure over bank secrecy and tax evasion, most recently highlighted by allegations that the Swiss arm of HSBC had helped clients dodge taxes.

Switzerland is among a host of countries who have committed to a multilateral tax detail sharing agreement developed by the Organisation for Economic Cooperation and Development (OECD).

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