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Tag Archives: Editor’s Choice

Swiss unemployment above northern european average

Switzerland is often assumed to have low unemployment. However, there are many countries in Europe with lower rates. © Miklmakmagnitka | Dreamstime.com There are several ways to measure unemployment. The official measure in Switzerland is focused on those officially registered as unemployed still collecting unemployment benefits, a measure that delivers a lower figure than the one calculated by the International Labour Organisation (ILO), which includes all those looking for work...

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Swiss test finds toxic substances in e-cigarettes

Testing commissioned by Blue Cross, a Swiss organisation focused on helping those with addictions, found toxic substances in the Iqos electronic cigarette produced by Philip Morris, according to the newspaper 20 Minutes. © Ilona Tymchenko _ Dreamstime.com Toxic isocyanates were released when the polymer filter in the device was heated to 100 degrees, a temperature significantly lower than the maximum of 350 degrees listed in the product’s specifications. Isocyanates, found in solvants,...

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Income inequality declines in Switzerland

© Eziogutzemberg | Dreamstime.com In 2016, before the effects of taxes and welfare, the highest earning 20% of Swiss households made on average 40.8 times what an average household in the bottom 20 percent made, an inequality measure known as the S80/S20. However, after taxes and welfare, including low income support, health insurance subsidies, pensions and disability benefits, the same income ratio fell to 4.4....

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Steep drop in thefts in Switzerland

© Sabine Katzenberger | Dreamstime.com Comparing 2018 to 2012, thefts in Switzerland fell by nearly half, according to the Federal Statistical Office. In 2012, there were a record 219,000 thefts recorded in Switzerland. By 2018, the figure had fallen to 112,000, a drop of 49%. Over the same period, all categories of theft with the exception of fraud were down. Car theft (-13%), bike theft (-20%), break-ins (-51%) and...

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Income inequality declines in Switzerland

In 2016, before the effects of taxes and welfare, the highest earning 20% of Swiss households made on average 40.8 times what an average household in the bottom 20 percent made, an inequality measure known as the S80/S20. © Eziogutzemberg | Dreamstime.com However, after taxes and welfare, including low income support, health insurance subsidies, pensions and disability benefits, the same income ratio fell to 4.4. Switzerland scores relatively well on income equality. The average S80/S20 ratio...

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Steep drop in thefts in Switzerland

Comparing 2018 to 2012, thefts in Switzerland fell by nearly half, according to the Federal Statistical Office. © Sabine Katzenberger | Dreamstime.com In 2012, there were a record 219,000 thefts recorded in Switzerland. By 2018, the figure had fallen to 112,000, a drop of 49%. Over the same period, all categories of theft with the exception of fraud were down. Car theft (-13%), bike theft (-20%), break-ins (-51%) and vandalism (-21%) were all down. Only fraud rose (+90%). In addition, the...

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Million franc salaries cause friction in Bern

Switzerland’s government recently voted for a ceiling on the salaries of those managing public companies such as Swisscom, Swiss Post, Skyguide and Swiss Rail. Andreas Meyer_© CFF_SBB_FFS In response, the board of Swiss Rail wrote to the Federal Council requesting it to soften its position. From 2020, the company wants to pay its nine senior managers CHF 5.89 million, including a salary of more than CHF 1 million to Andreas Meyer, the boss of the company. The letter said there was a risk...

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Swiss Rail shares bumper profits with passengers

In 2018, Swiss Rail made a profit of CHF 568 million, 42.5% more than in 2017. Part of the rise was due to higher than average spending on maintenance in 2017. © Erix2005 | Dreamstime.com It is worth noting that Swiss Rail receives a large sum from taxpayers every year. In 2018, the company received CHF 3.5 billion of public funding, CHF 2.7 billion of it booked as income. Without this large lump of taxpayer help Swiss Rail would have made a loss of CHF 2.2 billion in 2018. One way the...

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Facebook rejects most information requests from Swiss authorities

Over the first three months of 2018 Swiss authorities made 80 requests for Facebook user data, however two thirds of them were ignored, according to the newspaper SonntagsBlick as reported in 20 Minutes. © Klevo _ Dreamstime.com When the requests were urgent the response rate rose to two thirds of requests. Reto Nause, who is responsible for security in the city of Bern, is unhappy with the social network’s response record. Several years ago his team asked for information on user activity in...

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Swiss parliament calls for more online purchases to be taxed

© Panuwat Dangsungnoen | Dreamstime.com Since 1 January 2019, companies abroad making more than CHF 100,000 in revenue must charge Swiss VAT on sales made to anyone in Switzerland. Now the Swiss government has decided to take aim at online platforms such as Aliexpress and Wish, according to the broadcaster RTS. Rather than chasing foreign companies selling products in Switzerland, Beat Vonlanthen, an MP from Fribourg,...

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