Archive – Banking & Fintech

Banking information handed to Argentina

This content was published on Nov 2, 2009 The documents were sent to Argentina last week, justice ministry spokesman Folco Galli said on Monday. The transfer was made possible after the Swiss Criminal Court rejected a series of appeals by unidentified companies and account holders who allegedly were part of a wide corruption scheme to divert money through Swiss bank accounts, offshore companies…

Swissmetro signals the end of the line

This content was published on Nov 2, 2009 Swissmetro said around SFr11 million ($10.77 million) had been invested in the project, with federal authorities paying around half. It added that the scheme could not be realised in the foreseeable future. The company said the rights would now go to the Federal Institute of Technology Lausanne (EPFL), which was also involved in the high-speed…

US state tops Swiss in financial secrecy poll

This content was published on Nov 1, 2009 The survey of 60 places and countries rated the tiny state of Delaware first, followed by Luxembourg and then Switzerland, said the Tax Justice Network. The Cayman Islands and Britain rounded off the top five. The Financial Secrecy Index was drawn up by academics and finance experts and the first results released on Saturday. It…

Leuthard keeps to agriculture course

This content was published on Nov 1, 2009 The minister told several Sunday newspapers that she would continue her negotiations on a free trade accord with the European Union. Swiss farmers currently enjoy a certain amount of protection. On October 23 members of the farming union Uniterre threw wellington boots at Leuthard during the 6th Mountain Cheese Olympics in canton Jura to protest…

Merz suspends tax deal talks with Italy

This content was published on Nov 1, 2009 On October 27 Italian police stormed branches of Swiss banks as part of an Italian tax amnesty, which caused an outcry in Switzerland. Italy has said that it was an internal affair and not meant to be an unfriendly move towards the Swiss. “The accord was ready for ratification from our side. But now the…

Businessman gets prison in UBS tax probe

This content was published on Oct 30, 2009 The man’s attorneys had asked for only probation because his extensive cooperation led to charges against others involved with the Swiss bank. But US District Judge James I. Cohn said on Friday that the nature of the crime warranted some jail time. Prosecutors had asked for a nine-month sentence. The 70-year-old toy magnate is among…

Weapons export ban vote to test emotions

This content was published on Oct 30, 2009 Swiss industry has mobilised a campaign against the ban, arguing that it would cost jobs while the “yes” camp says lives come before profits. The government has recommended that voters reject a ban. On November 29, Switzerland will vote on the controversial and emotional subject for the third time since 1972. Two previous attempts to…

“Swissy” plays his cards right

This content was published on Oct 30, 2009 The 23-year-old from Lugano, canton Ticino, spoke to swissinfo.ch during a recent tournament in Venice about starting out as a croupier, the “Italian Pirate” and Roger Federer. Rinaldi, whose $1,314,861 (SFr1,350,000) career winnings put him second on Switzerland’s all-time money list just behind Chris Bigler, had his biggest payday in Cannes last year when he…

Expert slams plans to curb assisted suicide

This content was published on Oct 29, 2009 Frank Petermann, an expert in medical law in St Gallen, tells swissinfo.ch that the planned regulations go against human rights and will fail to prevent people from travelling to Switzerland to die. Right-to-die organisations have also been quick to dismiss the government plans as outdated and patronising. Justice Minister Eveline Widmer-Schlumpf presented two draft bills…

Call for action after Italian bank raids

This content was published on Oct 29, 2009 Filippo Lombardi of the Christian Democrats said the talks should be halted until the situation was clarified. However a spokesman for the Swiss Federal Tax Administration noted that the agreements were a necessary part of Switzerland’s commitments to conform to international tax cooperation standards. Italian Foreign Minister Franco Frattini also waded into the issue on…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Banking information handed to Argentina

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Swissmetro signals the end of the line

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US state tops Swiss in financial secrecy poll

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Leuthard keeps to agriculture course

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Merz suspends tax deal talks with Italy

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Businessman gets prison in UBS tax probe

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Weapons export ban vote to test emotions

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“Swissy” plays his cards right

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Expert slams plans to curb assisted suicide

More

Call for action after Italian bank raids

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