Swiss Politics

US reportedly rejects global tax deal

This content was published on Jul 18, 2011 The SonntagsZeitung newspaper said the US authorities had written to the State Secretariat for Economic Affairs and the finance ministry informing them of their decision. Speculation has mounted recently that the two countries were considering a voluntary disclosure scheme that would inflict fines and the handover of data in return for the US dropping legal…

Swiss Politics

Swiss help developing countries reduce CO2

This content was published on Jul 18, 2011 The State Secretariat for Economic Affairs (Seco) said on Monday it had signed up to two projects in the context of the World Trade Organization’s third Global Review of Aid for Trade which is currently underway in Geneva. Seco said it will contribute SFr7 million to the Partnership for Market Readiness programme which aims to…

Swiss Politics

Fragmented centre becomes political battleground

This content was published on Jul 18, 2011 Under pressure to mobilise their grassroots, both the Radicals and the Christian Democrats have launched a series of initiatives covering tax breaks for families and the fight against rampant bureaucracy. Elections in the cantons over the past four years have seen the two parties suffer a string of defeats. And all recent opinion polls have…

Swiss Politics

Credit Suisse in sights of US tax probe

This content was published on Jul 15, 2011 Investigators have now escalated the probe and are attempting to implicate the bank in hiding some $3 billion (SFr2.46 billion) of client assets from the Internal Revenue Service (IRS). They must prove that the bank’s hierarchy sanctioned staff actions before client data can be demanded in a re-run of the UBS case two years ago.…

Swiss Politics

Court rules transfer of UBS bank data legal

This content was published on Jul 15, 2011 The ruling overturns an earlier decision by the Federal administrative court that said the Swiss Financial and Market Supervisory Authority (Finma) had abused its power when it ordered that details of about 250 account holders suspected of tax evasion in the US be handed over. Finma maintained that it had made its decision after consultations…

Swiss Politics

President points to “tax crisis” with Italy

This content was published on Jul 15, 2011 Italy has been particularly critical about Switzerland’s tax practices and traditional banking secrecy. A major sticking point in the spat is a cross-border tax accord. “We have a crisis in the tax area with Italy,” Calmy-Rey, who is also the foreign minister, said in interviews with the St Galler Tagblatt and the Neue Luzerner Zeitung…

Swiss Politics

Swiss to strengthen military ties with China

This content was published on Jul 14, 2011 The atmosphere at the meeting was “harmonious” and “friendly”, defence ministry spokesman Jean-Blaise Defago told the Swiss News Agency. He said China regarded Switzerland as an interesting partner because of its neutrality. The ministers agreed to conduct a regular exchange of opinions “at the highest level”. Greater cooperation is being sought in particular over logistics…

Swiss Politics

Stopping terrorist propaganda

This content was published on Jul 14, 2011 Islamic fundamentalists often use the internet to drum up support for holy war. The Swiss federal government wants to prevent calls for jihad originating from Switzerland, so it’s set up a specialised team to tackle the problem. Swiss TV gained access to exclusive footage recorded by this new commission. (SF/swissinfo.ch)

Swiss Politics

Fiscal discipline receives strong support

This content was published on Jul 14, 2011 Conducted by Swiss business federation economiesuisse, the annual Financial Monitor survey questioned a representative sample of 1,000 voters from across the country in face-to-face interviews between April 26 and May 15. Ninety per cent of respondents said they entirely or mostly agreed that the so-called “debt brake” on the federal budget should be maintained. Introduced…

Swiss Politics

Leuthard warns against egoism in green issues

This content was published on Jul 14, 2011 In a speech at the renowned Massachusetts Institute of Technology (MIT), near Boston, the minister also proposed abandoning the principle that climate change accords should be secured by unanimity alone. The effects of climate change are not restricted to national borders and any delay in acting could be fatal, Leuthard warned on Wednesday at the…

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US reportedly rejects global tax deal

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Swiss help developing countries reduce CO2

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Fragmented centre becomes political battleground

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Credit Suisse in sights of US tax probe

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Court rules transfer of UBS bank data legal

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President points to “tax crisis” with Italy

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Swiss to strengthen military ties with China

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Stopping terrorist propaganda

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Fiscal discipline receives strong support

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Leuthard warns against egoism in green issues

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