Tag Archives: Business & Economy

A project to end Switzerland’s controversial system of imputed rent was launched more than seven years ago. This week, discussions in Bern suggest the project’s chances of sucess remain narrow. Photo by Melike Benli on Pexels.comIn Switzerland, anyone who owns a property retained as a primary or secondary residence must add a fictional rent to their taxable income, which is calculated based on the location and size of the property. The system was introduced during the second world war to...

New data show that tourism accounts for 25% of the total traffic on Swiss roads, reported SRF. The Federal Council report shows that leisure and tourism account for 53% of passenger road traffic, with the other 47% made up of commuting to and from work. Photo by Pixabay on Pexels.comRegular leisure traffic by residents of Switzerland accounted for 27% of road traffic, 12% was locals engaging in tourism, 13% foreigners travelling for tourism and 47% commuting. The remaining 1% is...

Across much of the developed world, gender pay disparities all but disappear if comparisons are made like for like, looking at individuals doing the same function in the same company, according to Korn Ferry Hay Group research, which looked at 20 million salaries at 25,000 organizations in 100 nations. However, because of job and career differences women continue on average to earn less than men. Recent data published by Switzerland’s Federal Statistical Office (FSO) show this average pay...

Most people in Switzerland rent. This means the nation has strict tenancy rules, some of which are viewed as too strict by the current government. Both parliament and the Council of States have come up with two changes aimed at limiting the actions of tenants, which are considered abusive. Photo by Peter Lengacher on Pexels.comThese two votes are the result of objections to government plans rather than popular initiatives. After a plan is agreed by the government, if the public can...

On 24 November 2024, the Swiss will vote on four questions. The first is a federal government plan to invest in expanding Switzerland’s motorway network. © Thomas Stoiber | Dreamstime.comThe government’s plan aims to alleviate six motorway bottlenecks. The Federal Council points out that traffic on the nation’s highways has more than doubled since 1990 and the estimated CHF 4.9 billion investment is needed to keep the country moving efficiently. In addition, it says more motorway capacity...

Switzerland came second in this year’s World Digital Competitive Ranking, which ranks 67 nations across the world. Photo by Tima Miroshnichenko on Pexels.comThe 2024 World Digital Competitiveness Ranking, produced annually by IMD, placed Singapore at the top, followed by Switzerland and Denmark. This year’s ranking is the highest for Switzerland over the eight years that the report has been published. Switzerland progressed significantly in high-tech exports (9th), e-participation...

Switzerland’s pension system has three elements. The first is a state pension linked to the number of years worked. This is funded by a tax. The second is a salary based scheme funded by salary deductions, and the third is an optional element known as the third pillar. Contributions to all of these are tax deductible, providing an economic incentive to pay into them. This week, the Federal Council announced a change to third pillar contributions, reported SRF. © Gfadel | Dreamstime.comThe...

At the beginning of the Covid pandemic there was talk of closing Switzerland’s borders. However, it was clear that Swiss hospitals and businesses near Switzerland’s borders would not function without the workers who cross the border daily to work for them, and the notion was dropped. Statistics published this week by the Federal Statistical Office (FSO) show the number of cross-border workers at record levels. © Krasnevsky | Dreamstime.comAt the end of September 2024, around 403,000...

The Swiss National Bank (SNB) has started the process of issuing a new series of banknotes by launching a design competition, it announced this week. [embedded content] The new banknotes will not be issued until the early 2030s at the earliest, said the bank. The new series will be dedicated to the unique topography of Switzerland and will be launched under the theme “Switzerland and its high altitudes”. The 10-franc note will reflect Switzerland’s lowland plateau, the 20-franc note...

A survey report published this week shows that the population of Switzerland increasingly sees immigration as a challenge and desires political action. © Alexander Sorokopud | Dreamstime.comOverall, while the economic and cultural effects of immigration are viewed positively, the strains on infrastructure, housing and the environment are viewed negatively. In addition, negativity towards immigration is showing among groups that were once friendly to immigration, said the authors....