Search Results for: Switzerland
Switzerland to hold referendum on banning private banks from creating money
December 28th, 2015
A radical initiative to strip private banks of their power to “create money” and make it exclusively a central bank privilege has gathered enough support for the Swiss government to announce a referendum on the issue. A vote in ...
FINMA Switzerland warns for unauthorised Forex Broker
December 16th, 2015
FINMA, the Swiss Supervisory authority, has issued a warning to inform investors for companies suspected of conducting unauthorised activities in the financial market. FINMA added on December 15 the below company in its Negative list: 1) Unit FX Address: Route de Pré-Bois 29 ...
FINMA Switzerland warns for unauthorised Binary Options Firm
September 24th, 2015
FINMA, the Swiss Financial Market Supervisory Authority, has issued a warning to inform investors for a company suspected of conducting unauthorised activities in the financial market. FINMA added on September 24 the below company in its Warning list: 1) ...
Switzerland Is First to Lift Iran Sanctions
August 13th, 2015
Switzerland Lifts Sanctions On Iranian Oil, Precious Metals Sales Switzerland is lifting some sanctions against Iran in what it calls a sign of support for the agreement between Tehran and world powers over its nuclear program. The neutral country’s ...
FINMA Switzerland warns for unauthorised firms
July 29th, 2015
FINMA, the Swiss Supervisory authority, has issued a warning to inform investors for companies suspected of conducting unauthorised activities in the financial market. FINMA added on July 29 the below companies in its Negative list: 1) UK Options Address: ...
Switzerland Postpones Withholding Tax Reforms
June 26th, 2015
The Swiss Federal Council is to postpone a planned overhaul of the withholding tax (WHT) system and re-examine the appropriateness of the reforms at a later date. In Switzerland, WHT is levied on interest, participation income, lottery winnings, and ...
No VAT on Bitcoin in Switzerland
June 15th, 2015
Excellent news from the Swiss Federal Tax Administration (ESTV): no VAT applies to Bitcoin in Switzerland. “This is excellent news for Bitcoin in Switzerland as it provides the legal certainty we need to professionally operate our business,” Niklas Nikolajsen, ...
Switzerland Rules Out FTA With EU
June 12th, 2015
The Swiss Federal Council has concluded that a free trade agreement with the European Union (EU) would be a step backwards and cause uncertainty. The Council was responding to the postulate of Council of States member Karin Keller-Sutter. The ...
First bitcoin bank is applying for license in Switzerland
June 2nd, 2015
A group of undisclosed investors joined their forces to create the first bitcoin bank in the world. Presently, this bank is applying for a license, reports Die Handelszeitung. According to the newspaper, “several sources” informed journalists about the registration ...
EU-Switzerland taxation agreement signed in joint effort to improve tax compliance
May 28th, 2015
The European Union and Switzerland on 27 May 2015 signed an agreement on the automatic exchange of financial account information, aimed at improving international tax compliance. The agreement represents an important step in ongoing efforts to clamp down on tax fraud and tax ...