Switzerland

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US tax havens – the new Switzerland

09/05/2016(0)
America is a magnet for offshore wealth, notably South Dakota, which has guaranteed secrecy In an old discount store hugging a corner in downtown Sioux Falls, South Dakota, the ... Read More
blomberg

Switzerland Weathers the Superstrong Franc

15/01/2016(0)
It was in a small, wood-paneled boardroom overlooking Lake Zurich that Thomas Jordan and his colleagues at the Swiss National Bank made a decision that caught global markets unawares, ... Read More
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HMRC admits to winding up inquiry into HSBC tax evasion claims

14/01/2016(0)
Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customers HM Revenue and Customs has wound up its ... Read More
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SIX and Swisscom join forces to establish a mobile payment solution

05/08/2015(0)
SIX and Swisscom join forces with Swiss banks to promote Paymit and create added value for customers and retail SIX and Swisscom are working towards a strategic partnership to ... Read More
finma

FINMA Switzerland warns for unauthorised firms

29/07/2015(0)
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 ... Read More
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Switzerland Postpones Withholding Tax Reforms

26/06/2015(0)
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, ... Read More
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Chinese investors protest over missing US$1.2b

17/06/2015(0)
Chinese investors who sank about $1.2 billion into companies in Switzerland that did not have trading licenses have staged protests in Geneva to demand their money back. The Swiss ... Read More
VAT-bitcoin

No VAT on Bitcoin in Switzerland

15/06/2015(0)
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 ... Read More
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Switzerland Rules Out FTA With EU

12/06/2015(0)
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 ... Read More
bitcoin-cryptocurrency

ASIC Developer Bitmine AG Goes Bankrupt, Faces Lawsuits

09/06/2015(0)
Swiss ASIC miner developer Bitmine AG was officially declared bankrupt by the local court of Bellinzona, Switzerland, in May 2015. All accounts, assets and company documents have been handed ... Read More
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