GenevaLunch » Business

Irish, Swiss say no dividends taxes on pensions

Ellen Wallace — Wed, 23 May 2012 21:10:09 +0000

GenevaLunch.com BERN, SWITZERLAND – Ireland and Switzerland have agreed to a double taxation treaty, subject to the agreement of both countries’ parliaments, that will limit withholding tax to no more than 15 percent on gross dividend amounts. A crucial detail welcomed by the cantons and business associations, according to Bern, is that “there will be no [...]

Irish, Swiss say no dividends taxes on pensions © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss central bank shows Q1 loss over currency positions

Ellen Wallace — Mon, 30 Apr 2012 08:51:12 +0000

GenevaLunch.com ZURICH, SWITZERLAND – The Swiss National Bank (SNB) showed a first quarter loss of CHF1.7 billion, central bank figures released Monday 30 April show. The SNB had a loss of CHF 2.6 billion due to exchange rate losses, offset in part by a gain of CHF0.8b in the value of gold holdings and a gain [...]

Swiss central bank shows Q1 loss over currency positions © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss argument for treating EU-8 differently buried in 2004 agreement

Ellen Wallace — Fri, 20 Apr 2012 10:39:43 +0000

GenevaLunch.com BERN, SWITZERLAND – Reactions were swift and negative from a number of European Union leaders to Switzerland’s decision to revive quotas for the EU-8 States, announced 18 April. Their objection doesn’t question Switzerland’s right to extend its transition period for handling immigration beyond 2011, but focuses rather on Switzerland’s treatment of the group separately from [...]

Swiss argument for treating EU-8 differently buried in 2004 agreement © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Canadian flight to Zurich wasn’t turbulence, but fatigued pilots

Ellen Wallace — Mon, 16 Apr 2012 18:15:33 +0000

GenevaLunch.com ZURICH, SWITZERLAND - A January 2011 flight that landed seven Air Canada passengers in hospital in Zurich was initially declared to be due to turbulence, but Canada’s Transportation Safety Board has found otherwise. The government body issued a report Monday 16 April that says Air Canada flight 878 from Toronto to Zurich 13 January of [...]

Canadian flight to Zurich wasn’t turbulence, but fatigued pilots © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Austria, Switzerland sign tax agreement like UK, German ones

Ellen Wallace — Fri, 13 Apr 2012 15:24:33 +0000

GenevaLunch.com BERN, SWITZERLAND – Switzerland and its neighbour Austria Friday 13 April signed an agreement calling for Swiss banks to withhold tax on income from offshore accounts held by Austrian citizens. The account holders will then have to decide to either forfeit the tax or declare the accounts. The agreement is similar to those signed by [...]

Austria, Switzerland sign tax agreement like UK, German ones © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Germany, Switzerland sign “supplemented” tax agreement (update)

Ellen Wallace — Thu, 05 Apr 2012 12:35:09 +0000

GenevaLunch.com Media charges of tense relations over tax issues denied by both governments German political world, media reactions mixed BERN, SWITZERLAND – German and Switzerland signed a “Supplemental Protocol” to their September 2011 tax agreement, Thursday 5 April. Bern issued a statement noting that “The essence of the agreement remains unchanged, that the taxation of German [...]

Germany, Switzerland sign “supplemented” tax agreement (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Basel, Bern, Zurich should rev up taxi competition, says Comco

Paula Dupraz — Tue, 03 Apr 2012 15:18:24 +0000

GenevaLunch.com GENEVA, SWITZERLAND – Swiss cantons and communes should allow greater competition among taxi services, says Comco, the Swiss Competition Commission. Services from other areas should be given more freedom, in particular the commission says. Local authorities in several major Swiss cities are not applying federal competition regulations, says Comco, citing the federal Internal Markets Law, [...]

Basel, Bern, Zurich should rev up taxi competition, says Comco © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss Mother’s day is coming up: give her anti-stress dark chocolate

Ellen Wallace — Thu, 29 Mar 2012 14:36:53 +0000

GenevaLunch.com LAUSANNE, SWITZERLAND – We’ve all suspected it and now Nestlé researchers tell us it is true: a nibble of dark chocolate a day reduces our stress level. A research team that looked at the biochemical basis for what many of us like to consider comfort food found “strong evidence that a daily consumption of 40 [...]

Swiss Mother’s day is coming up: give her anti-stress dark chocolate © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss fares to go up CHF10-100 due to market changes, Easyjet to add seating

Ellen Wallace — Tue, 27 Mar 2012 14:06:58 +0000

GenevaLunch.com GENEVA / ZURICH, SWITZERLAND – Airline Swiss announced Tuesday 27 March that it will be increasing long haul flight fares 2 April, by CHF10-30 in economy class and CHF50-100 in business, for flights from Switzerland. Changes in the market account for the price hikes, says the company, which notes that first class fares and special [...]

Swiss fares to go up CHF10-100 due to market changes, Easyjet to add seating © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss abroad, caught in US-Swiss tax crossfire

Ellen Wallace — Mon, 26 Mar 2012 16:33:17 +0000

GenevaLunch.com Credit Suisse reported to be asking Americans for tax advisors’ names, proof of filing in the US BERN, SWITZERLAND – The Council of the Swiss Abroad (CSE) is demanding that the government and Swiss banks find a reasonable solution to the growing banking problems of Swiss citizens who live outside the country, particularly those in [...]

Swiss abroad, caught in US-Swiss tax crossfire © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.