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‘Made in the world’ creates winners and losers

This content was published on Jun 7, 2013 One country researches a product, the next designs it, another manufactures the parts and a fourth takes care of assembly: this phenomenon comes from so-called GVCs, or Global Value Chains, which the United Nations Conference on Trade and Development (UNCTAD) says make up 80 per cent of global trade. GVCs have become the nervous system…

Asset bubble ‘threatens SNB euro stockpiles’

This content was published on Jun 6, 2013 Since introducing a CHF1.20 exchange rate with the euro in 2011, the central bank has rapidly built up a huge stockpile of foreign exchange reserves that have nearly doubled in the past two years to over CHF440 billion ($470 billion) in May 2013. A large portion of these reserves has been pumped into eurozone government…

Investors put off by high costs and strong franc

This content was published on Jun 6, 2013 High operating costs, a strong Swiss franc and weak growth, particularly in export markets and in the surrounding eurozone, are curtailing Switzerland’s appeal for investors, according to the 11th European Attractiveness Survey. Last year, Switzerland attracted only 61 FDI projects, down from 99 the year before. Although companies from the United States remain Switzerland’s largest…

Legal expert mulls possible Swiss bank fallout

This content was published on Jun 5, 2013 Manuel Ammann, professor of banking law at the University of St Gallen, believes parliament’s approval of a cabinet-backed bill would make cooperation with the Americans easier. Parliament is voting in its current session on whether to accept or block a cabinet proposal to allow banks to hand over confidential data chronicling their business dealings with…

Lawyers cry foul over bank data transfer

This content was published on Jun 4, 2013 Parliament will vote during its current session on whether to accept or block a cabinet proposal to allow banks to hand over confidential data chronicling their business dealings with US clients. In doing so, the financial institutions would dodge both Swiss banking secrecy laws and criminal prosecution in the US. While Swiss banks are in…

UBS France put under formal investigation

This content was published on Jun 1, 2013 UBS France is being investigated by the French judiciary on whether it offered potential French clients investments that were allegedly designed to evade taxes. Three UBS France executives have already been put under investigation, which means under French law there is serious or consistent evidence pointing to implication of a suspect in a crime. The…

Swiss hesitate over tax accord

This content was published on May 30, 2013 However, the Swiss government will think about joining, he said. The agreement drawn up by the Organisation of Economic Co-operation and Development (OECD) provides for the automatic exchange of information between states in tax matters. It was signed by a further 12 countries on Wednesday. Among the latest signatories are Austria, Luxembourg and Singapore, all…

Minister wants to remove tax evader ‘shield’

This content was published on May 30, 2013 False accounting is potentially tax fraud, she told the media on Thursday, while repeatedly failing to declare income is considered tax evasion. “There is no logical difference,” she told journalists in Bern on Thursday. Widmer-Schlumpf said the aim of the revision was an efficient tax penal law with high legal certainty that would also have…

The US-Swiss bank deal, around the Web

This content was published on May 30, 2013

Predicting the movement of volcanic ash

This content was published on May 30, 2013

Internal: Archive

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‘Made in the world’ creates winners and losers

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Asset bubble ‘threatens SNB euro stockpiles’

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Investors put off by high costs and strong franc

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Legal expert mulls possible Swiss bank fallout

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Lawyers cry foul over bank data transfer

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UBS France put under formal investigation

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Swiss hesitate over tax accord

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Minister wants to remove tax evader ‘shield’

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The US-Swiss bank deal, around the Web

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Predicting the movement of volcanic ash

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