Monday , February 24 2025
Home / le News (page 85)
The author Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

le News

Child care tax deductions set to rise in Switzerland

Switzerland’s Federal Council, or cabinet, plans to increase the maximum annual deduction for child care costs to CHF 25,000 per child, up from CHF 12,100. © Ekaterina Pokrovsky | Dreamstime.com This would allow parents to deduct up to this amount from their income for federal tax purposes but would not affect canton and commune taxes. Deductions could not exceed the amount spent. The plan aims to encourage more parents to work, particularly highly qualified parents. Some parts of the Swiss...

Read More »

Internships – Switzerland’s Young Socialists caught preaching one thing and practicing another

In collaboration with the Swiss union Unia, Switzerland’s Young Socialists have launched a protest against the exploitation of interns. © Loganban | Dreamstime.com To get on the career ladder, many young people feel compelled to take internships offering little or no pay. The Young Socialists are demanding interns be better paid. Recent data from the Federal Statistical Office shows that 23% of young workers (15-24) are on short-term contracts, 41% of them interns. Unpaid internships are a...

Read More »

Late trains – Switzerland’s delay hotspots

The cliché of Swiss trains always being on time is challenged by data published on the website opentransportdata.swiss. © Arne9001 | Dreamstime.com Analysis of this data by 20 Minuten, shows the most frequently delayed trains arrive from Italy. Mendrisio, near the Italian border in the canton of Ticino, was the worst performing station with 30% of trains delayed by 3 minutes or more. Italian delays also affect Swiss trains from Domodossola and Brig. The next stations on the train tardiness...

Read More »

Is Swiss inflation back to stay?

Swiss inflation reappeared in February 2018 and has continued. According to the Federal Statistical Office, inflation was 0.2% in April. Since the beginning of 2018, prices have risen 0.9%. © Björn Wylezich | Dreamstime.com Jan-Egbert Sturm of the KOF Swiss Economic Institute says it shows the Swiss economy is doing well, and that inflation is close to what is “normal” in Switzerland. When asked by CNN money what the Swiss National Bank’s response might be, Sturm was reluctant to guess at...

Read More »

Switzerland most expensive for meat

Switzerland has the world’s most expensive meat according to a survey compiled by Caterwings in Germany. The survey, which looks at meat prices in 52 countries, ranks Swiss prices at the top across all meat categories. © Marian Mocanu | Dreamstime.com On average, Swiss shoppers pay 142% more than the average across all meat categories. Chicken, the meat with the highest price premium, is 222% more expensive in Switzerland than the average. Next are lamb (+174%), beef (+149%), pork (+115%) and...

Read More »

The Swiss-made plane that went global and starred in Hollywood films

In 1939, Pilatus, a small aircraft maintenance company for the Swiss Air Force was founded in Stans in the canton of Nidwalden. By 1944 it had produced its first aircraft: the Pilatus SB-2 Pelican. Pilatus Porter PC-6 © Pilatus Aircraft Ltd However, it wasn’t until 1959 that Pilatus really took off with the launch of the Pilatus Porter PC-6. The PC-6 was so good at taking off from short rough runways it was sometimes used as a substitute for helicopters. It was a global hit. Airlines as far...

Read More »

Some Swiss train fares to fall in June

This week, ch-direct, an association of public transport providers that sets ticket prices, announced there would be no ticket price rises in 2019. Instead the prices of some tickets will fall slightly on 1 June 2018. © Sergiomonti | Dreamstime.com The price small cuts on standard fares in June relate to the shift from 8.0% to 7.7% VAT at the beginning of the year. Inflation this year is forecast at 0.6%, which means stable prices could deliver a small real inflation-adjusted saving to public...

Read More »

Basel airport – night time take-offs to be cut in half

For those who fly regularly, living close to an airport might be convenient, but it’s also noisy. © Ifeelstock | Dreamstime.com To reduce noise, Basel-Mulhouse airport has decided to reduce the number of flights taking off between 11pm and midnight by half, according to a press release. Unlike Geneva airport, which is located entirely on Swiss soil but still operates a French side, Basel-Mulhouse, Switzerland’s third major airport is on French territory, but run by the Swiss. The history of...

Read More »

Taxes – one in seven in some Swiss cantons has unpaid tax

The cantons of Neuchâtel (14.7%) and Geneva (14.6%) have the highest percentages of taxpayers owing money, according to the newspaper SonntagsBlick. © Siriporn Kaenseeya | Dreamstime.com Fribourg (12.6%), Bern (9.5%) and Luzern (6.5%) complete the top-five. Vaud (5.9%), Basel-City (5.5%) and Zurich (2.4%) are further down. Aargau (2.0%) and Uri (1.0%) sit at the bottom with fewest with oustanding tax payments. These figures are only part of the picture. Those who borrow to pay their taxes are...

Read More »

Healthcare costs rise further in Switzerland

Statistics published today show a further rise in Swiss healthcare costs. © Aviahuismanphotography | Dreamstime.com In 2016, spending on healthcare rose by 3.8% reaching over CHF 80 billion, 12.2% of GDP. In 2015, Swiss healthcare spending was equal to 11.9% of GDP. The challenge of rising healthcare costs is not confined to Switzerland. In the UK in 2015, healthcare costs rose 3.6% to reach 9.9% of GDP. Switzerland has a system of compulsory private health insurance, however the government...

Read More »