Update - Protocol to Tax Treaty between Switzerland and the UK

Switzerland and the United Kingdom signed an amending protocol to the 1977 income tax treaty between the two countries on 30 November 2017. The protocol:

• Amends the Preamble to include language developed as part of the BEPS Project;
• Deletes subparagraph (l) of paragraph 1 of Article 3 (General definitions), which states the term "international traffic" means any transport by a ship or aircraft operated by an enterprise which has its place of effective management in a Contracting State, excep…