This week, after two years of negotiating, France and Switzerland reached an agreement on the tax treatment of workers employed in one country who work remotely in the other, announced the Swiss government. © Itzhaki | Dreamstime.comFrom 1 January 2023, up to 40% of an employee’s annual working hours can be worked from home without having any impact on how they are taxed. Cross-border commuters, who typically live in France and work in Switzerland, are taxed in Switzerland....
Read More »Unemployment in Geneva higher than neighbouring France
In December last year, the Observatoire statistique transfrontalier published unemployment figures for the French region surrounding Geneva. © Anders Lundstedt | Dreamstime.comFrench unemployment calculations broadly follow the method used by the International Labour Organisation (ILO), which includes all available job seekers – ILO definition of unemployment and French definition of unemployment. Official Swiss figures however include only those registered as unemployed, a lower...
Read More »Unemployment in Geneva higher than neighbouring France
© Anders Lundstedt | Dreamstime.com In December last year, the Observatoire statistique transfrontalier published unemployment figures for the French region surrounding Geneva. French unemployment calculations follow the method used by the International Labour Organisation (ILO), which include all job seekers, according to Tribune de Genève. Official Swiss numbers only include those registered as unemployed, which is a lower percentage that excludes those who would...
Read More »Using lake water to help reduce Switzerland’s carbon footprint
A CHF800 million ($805 million) new pumping station is under construction north of Geneva as part of the Genilac project. Swiss lakes offer huge potential as renewable energy sources that can be used to cool and heat buildings. Geneva is expanding a pioneering thermal exchange project to help meet its climate goals, while other regions are taking the plunge. After transport, the second and third biggest sources of national greenhouse gas emissions are Swiss industry...
Read More »New 100 Swiss Franc Note Coming Soon
Recently, the Swiss National Bank (SNB) unveiled the new 100 franc banknote. Only one note missing – © Janusz Pieńkowski | Dreamstime.com The note’s design is inspired by Switzerland’s tradition of humanitarianism, represented on the note by water. The note remains blue but is much smaller than the existing one, making it easier to fit into wallets. The note is the last one in Switzerland’s ninth series of notes to be updated. Updating the series began in April 2016...
Read More »New 100 Swiss franc note coming soon
Recently, the Swiss National Bank (SNB) unveiled the new 100 franc banknote. Only one note missing – © Janusz Pieńkowski | Dreamstime.comThe note’s design is inspired by Switzerland’s tradition of humanitarianism, represented on the note by water. The note remains blue but is much smaller than the existing one, making it easier to fit into wallets. The note is the last one in Switzerland’s ninth series of notes to be updated. Updating the series began in April 2016 with the...
Read More »Swiss vote could cause chaos at Zurich and Geneva airports
A referendum aimed at rejecting changes to Swiss gun laws scheduled for 19 May 2019 could cause major disruption at airports in Zurich and Geneva if it succeeds, according to various newspapers. © Toxawww | Dreamstime.com If the vote is successful it might eventually lead to the exclusion of Switzerland from the Schengen area. If this happened, immigration staff at Swiss airports would need to check the passports of all those entering from and departing to other Schengen area countries. The...
Read More »Swiss government approves post-Brexit deal on treatment of UK and Swiss nationals
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...
Read More »Swiss offers fondue on flights from Geneva
On 1 December 2018, Switzerland’s flag carrier started offering cheese fondue on flights out of Geneva. © Margouillat | Dreamstime.com The dish is a new addition to the airline’s Swiss Saveurs menu, which was launched six months earlier. The pre-heated, specially packaged fondue, which is 50% Vacherin Fribourg and 50% Gruyère cheese, is available on Swiss flights from Geneva to Malaga, Athens, Stockholm, Moscow, Gothenburg, Hurghada, Lisbon, St Petersburg and Marrakesh. The 200 gram portion...
Read More »Geneva set to vote on maintaining public spending in the face of company tax reform
© Rosshelen | Dreamstime.com An initiative entitled: zero losses, was filed this week in Geneva. It aims to ring fence current public spending in the face of future company tax reform. The initiative gathered 9,147 signatures, more than the 7,840 required. Under pressure from the OECD and the EU, Switzerland is being forced to make major changes to its tax system. Currently, some multinationals benefit from special...
Read More »