Swiss Politics

Corporate tax reforms to go out to consultation

This content was published on Dec 19, 2013 Reforming the Swiss corporate tax system was the objective of a series of meetings chaired by Widmer-Schlumpf and attended by representatives of the finance ministry and the Conference of Cantonal Finance Directors. The committee members, who were appointed in September 2012, examined a number of proposals for reforms which would hopefully strengthen Switzerland’s ability to innovate…

Swiss Politics

Swiss hold on to Egyptian and Tunisian funds

This content was published on Dec 18, 2013 In a statement made on Wednesday, the cabinet said that the Swiss government was “taking account of the political transition in the two countries”. The decision applies to the CHF700 million held by former Egyptian President Hosni Mubarak and his aides, as well as CH60 million that were linked to Tunisia’s former autocrat, Zine el-Abidine…

Swiss Politics

Swiss agree to EU savings tax talks

This content was published on Dec 18, 2013 As Finance Minister Evelyn Widmer-Schlumpf told the media on Wednesday, this would require changes to the bilateral accord on how interest is taxed. She added that a prerequisite for Swiss cooperation would be guaranteed market access for Swiss banks in the EU. In May 2013, the Council of EU finance ministers (ECOFIN) told the European…

Swiss Politics

UBS funding casts doubt on university independence

This content was published on Dec 18, 2013 Ursula Jauch is categorical. “It’s a Faustian pact. UBS has had a major reputational problem for years and is employing sophisticated marketing to clear its name,” the University of Zurich (UZH) philosophy professor declared. In April 2012 UZH and the Swiss bank surprised many by announcing a CHF100 million ($112 million) sponsorship deal to fund…

Swiss Politics

Government is ready to renegotiate with EU

This content was published on Dec 18, 2013 The government is now waiting for the EU to give the go-ahead for renegotiations to start. The EU is Switzerland’s most important trading partner; 120 bilateral agreements currently exist between the two. Presenting the decision from parliament, Burkhalter stressed that it is in the interest of Switzerland to renew the institutional deals. Another key issue…

Swiss Politics

Iraq ‘is our responsibility; we are all Iraqis’

This content was published on Dec 18, 2013 Around 6,000 Iraqis have been killed since the year began, including 950 in November alone, according to the Agence France Presse news agency, which bases its figures on security, military and medical sources. Conditions in Iraq are dire, says Faeq al-Abboudi, an Iraqi painter who has been living in Lausanne for 10 years. “We see…

Swiss Politics

Cantonal banks opt in to US tax deal

This content was published on Dec 16, 2013 The larger financial institutions – Aargau, St. Gallen, Zug, Graubünden, Lucerne, Vaud, Geneva and Nidwalden – acting upon the advice of Swiss Financial Market Supervisory Authority (FINMA), have opted to place themselves in category two on the grounds that they cannot rule out the possibility that they may have clients who evaded taxes in the…

Swiss Politics

Foreigners could need language passport

This content was published on Dec 15, 2013 The passport would include an indication of the person’s language skills, and only applicants who are able to communicate would receive a C-permit allowing them to stay for an unlimited period. Adrian Gerber, head of the integration section at the Federal Office for Migration, confirmed on Sunday a report in the NZZ am Sonntag newspaper.…

Swiss Politics

Government works toward transparency

This content was published on Dec 13, 2013 Finance Minister Eveline Widmer-Schlumpf told journalists on Friday that the main changes to be submitted to parliament for discussion had to do with tax offences. She explained that under the FATF rules these had to be regarded as so-called predicate offences to money laundering – in other words, ones committed in order to lay the…

Swiss Politics

Swiss gold trade to be more transparent

This content was published on Dec 13, 2013 The change means Switzerland will be meeting international statistical standards and contributing towards transparency in the industry overall, according to a statement released by the government on Friday. The governent has not taken a decision on releasing retrospective data, but has tasked the finance and the foreign ministries to submit a proposal on the publication…

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Corporate tax reforms to go out to consultation

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Swiss hold on to Egyptian and Tunisian funds

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Swiss agree to EU savings tax talks

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UBS funding casts doubt on university independence

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Government is ready to renegotiate with EU

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Iraq ‘is our responsibility; we are all Iraqis’

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Cantonal banks opt in to US tax deal

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Foreigners could need language passport

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Government works toward transparency

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Swiss gold trade to be more transparent

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