Apr 29, 2010
The Federal Council (FC) of Switzerland has instructed the Swiss Federal Department of Finance (FDF) to create three new pieces of legislation regarding salary schemes and compensation practices, targeting primarily inappropriate pay packages in financial institutions. In a meeting held on April 28th the FC issued a directive to the FDF to create drafts for [...]
The Federal Council (FC) of Switzerland has instructed the Swiss Federal Department of Finance (FDF) to create three new pieces of legislation regarding salary schemes and compensation practices, targeting primarily inappropriate pay packages in financial institutions.
In a meeting held on April 28th the FC issued a directive to the FDF to create drafts for three new laws concerning the regulation and taxation of compensation issued in Switzerland. With the current international focus on financial sector salaries and bonuses, Switzerland has already begun ... Read More
Apr 13, 2010
The Swiss Government is currently investigating the possibility of implementing new tax measures for banks, levied on risk and excessive employee-bonus payments. A Swiss Parliamentary committee is currently examining proposals on how to lower risk-taking and add extra stability to the nation’s banking sector. The committee is due to submit a final report with its [...]
The Swiss Government is currently investigating the possibility of implementing new tax measures for banks, levied on risk and excessive employee-bonus payments.
A Swiss Parliamentary committee is currently examining proposals on how to lower risk-taking and add extra stability to the nation’s banking sector. The committee is due to submit a final report with its recommendations before April 23rd. While most measures discussed within the report are expect to be revealed only upon its final release, two possible taxation measures have been announced ... Read More
Mar 24, 2010
Switzerland has weathered the international financial and economic crisis well compared to other developed economies, due to the Swiss Governments appropriate expansionary policies, strong public finances, and financial regulatory regimes. As part of its annual member-state review, the International Monetary Fund (IMF) has released a report evaluating and praising the actions taken during the financial [...]
Switzerland has weathered the international financial and economic crisis well compared to other developed economies, due to the Swiss Governments appropriate expansionary policies, strong public finances, and financial regulatory regimes.
As part of its annual member-state review, the International Monetary Fund (IMF) has released a report evaluating and praising the actions taken during the financial crisis by the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) as appropriate, and regards the economic performance of the country as good with ... Read More
Mar 23, 2010
Hong Kong is heralding a new era of taxation transparency and cooperation, having signed three bilateral tax agreements and provided definite indications that it intends to amass the 12 required to be warranted a place on the Organization for Economic Development and Cooperation’s (OECD) list of nations adequately implementing international tax standards. The Hong Kong [...]
Hong Kong is heralding a new era of taxation transparency and cooperation, having signed three bilateral tax agreements and provided definite indications that it intends to amass the 12 required to be warranted a place on the Organization for Economic Development and Cooperation’s (OECD) list of nations adequately implementing international tax standards.
The Hong Kong Government began the week with the signing of three separate Comprehensive Agreements for the Avoidance of Double Taxation (CDTA) with the Netherlands, Brunei and Indonesia. The signings, combined ... Read More
