Tag Archives: Brexit Switzerland

Today, The Federal Council, Switzerland’s executive, announced it has approved a deal safeguarding the rights of Swiss and UK citizens after Brexit. © Melinda Nagy | Dreamstime.com The agreement is part of a package of deals being worked out as part of a plan dubbed “Mind the Gap”. Under the agreement, any UK citizen residing in Switzerland before Brexit will retain all of their existing rights for life. The same will apply to Swiss citizens living in the UK. When the UK leaves the EU, the...

Investec Switzerland. Swiss talks with the European Union about immigration restrictions mustn’t be impacted by the U.K.’s decision to leave the bloc, German Chancellor Angela Merkel said. © Joachim Eckel | Dreamstime.com “In the EU, we should carry on negotiations with Switzerland in the same way as we would have if there were no question on Britain,” Merkel said after a meeting with Swiss President Johann Schneider-Amman in Berlin on Wednesday. “Switzerland has a right as...

Investec Switzerland. Ireland is facing another tax battle with the European Union and this time it will have to fight its own corner. © Dreamshot | Dreamstime.com Less than two months after the European Union ordered Ireland to claw back a record 13 billion euros ($14.2 billion) from Apple Inc., saying the nation illegally allowed the iPhone maker to reduce its tax rate, the European Commission will propose legislation for a Common Consolidated Corporate Tax Base on...

Investec Switzerland. Global equity markets are set to post gains this week as investors digest the impact of the UK’s historic vote to leave the European Union. Swiss stocks outperformed global markets as defensive heavyweights Nestlé, Roche and Novartis led gains. © Paulbroad | Dreamstime.com Volatility remained high with markets rebounding from last week’s heavy losses as tensions began to ease following the UK referendum. Bargain hunters took advantage of badly beaten...

Brexit Volatility remained high with markets rebounding from last week’s heavy losses as tensions began to ease following the UK referendum. Bargain hunters took advantage of badly beaten up sectors on bets that central banks would ride to the rescue of investors by providing additional stimulus to avert disaster. Mark Carney, governor of the Bank of England, reassured markets that a rate cut could come as early as...