Court confirms multi-million fine for Zurich hotelier Schwarzenbach
Select your language
Generated with artificial intelligence.
Listening: Court confirms multi-million fine for Zurich hotelier Schwarzenbach
The art collector and financier Urs E. Schwarzenbach has been finally sentenced to pay a fine of around CHF7.1 million for large-scale VAT evasion. The Federal Supreme Court dismissed his appeal.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
Millionen-Busse für Zürcher Hotelier Schwarzenbach bestätigt
Original
The appeals of Schwarzenbach’s lawyer and the co-owner of Galerie Gmurzynska were also rejected. In a decision published on Thursday, the Federal Supreme Court confirmed the fine of around CHF1.4 million for the gallery owner.
Only the lawyer’s fine was reduced from CHF2 million to CHF1.8 million. The gallery owner and lawyer must also pay the unpaid VAT of CHF7.7 million and CHF4.8 million respectively, whereby they are jointly and severally liable for these amounts. Schwarzenbach has paid his share.
The Federal Supreme Court confirms the findings of the Zurich High Court, according to which the three convicted persons applied an unlawful procedure when importing works of art from the Hotel Dolder owner (Schwarzenbach) between 2008 and 2013.
Translated from German by DeepL/mga
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
Controversial Russian soprano Anna Netrebko returns to Zurich
This content was published on
Russian soprano Anna Netrebko, who is said to be close to Russian president Vladimir Putin, to perform at the Zurich Opera House.
This content was published on
Multiple births following artificial insemination in Switzerland have fallen sharply over the last 20 years, shrinking from 17.4% in 2002 to 2.8% in 2023.
This content was published on
Three independent UN experts call on Switzerland and other countries to redouble efforts a year after a ECHR ruling in favour of Climate Elders.
“No US tariff negotiations”: Swiss economics minister
This content was published on
Switzerland has yet to enter formal tariff negotiations with the United States despite making contact with the administration.
Soaring cocoa prices hit Swiss chocolate maker Barry Callebaut
This content was published on
Swiss chocolate maker Barry Callebaut suffered from soaring cocoa prices in the first half of the 2024-2025 financial year.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.