Monday , February 24 2020
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Tag Archives: Personal finance

The labels that show how much more international retailers charge Swiss

To simplify labelling, many international retailers put recommended retail prices (RRP) for multiple nations on the same label, like the one below. The Swiss retail price premium laid bare.Labels such as these show how much more Swiss customers are being charged compared to customers in other countries. The label above, from an item of clothing sold in Switzerland, shows how much more Swiss customers are charged. The RRP for Switzerland is the highest. The Swiss pre-VAT price is 21%...

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Geneva looks at sugar tax but excludes one of the worst products

A commission for the canton of Geneva’s government supports a tax on added sugar to fight obesity, according to the newspaper Le Temps.  © Lightpoet | Dreamstime.comBertrand Buchs and Delphine Bachmann, two elected officials active in the medical sector, are behind the initiative. The text required to implement the tax, which takes aim at added sugar, is likely to be put to a government vote in March 2020. The money collected would be spent on raising awareness of the damaging health...

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Portugal set to end tax holidays for foreign residents

[caption id="attachment_414651" align="alignleft" width="400"] © Tomas1111 | Dreamstime.com[/caption] Recently, the government of Portugal said it was looking at introducing a tax on foreigners residing in the country on special tax holidays, according to the magazine Bilan. Currently, foreigners moving to Portugal who spend at least 180 days a year in the country pay no income tax for a period of 10 years under a scheme that was launched 11...

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Portugal set to end tax holidays for foreign residents

Recently, the government of Portugal said it was looking at introducing a tax on foreigners residing in the country on special tax holidays, according to the magazine Bilan. © Tomas1111 | Dreamstime.comCurrently, foreigners moving to Portugal who spend at least 180 days a year in the country pay no income tax for a period of 10 years under a scheme that was launched 11 years ago. Not all income is tax free under the scheme. PWC, a tax consultancy, which describes Portugal as Europe’s...

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Switzerland most expensive country in 2020

It will come as little surprise to many that Switzerland has been ranked the world’s most expensive country. © Marekusz | Dreamstime.comPut together by the magazine CEO World, the ranking pulls cost of living data on accommodation, clothing, taxi fares, utilities, internet, groceries, transport, and dining out, from a number of other studies. Norway ranks second, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea. The United States (20th),...

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Poverty rate falls slightly in Switzerland

© Chernetskaya | Dreamstime.com In 2018, the percentage of the population in Switzerland living below the poverty line fell from 8.2% (2017) to 7.9%, returning to the same level as it was in 2010. Most affected by poverty were those aged under 18 (9.6%) and those aged over 64 (13.7%). Single parent families (19.3%), those without tertiary education (12.7%) and those without Swiss citizenship (11.6%) were more likely to have incomes low enough to place them below the...

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Poverty rate falls slightly in Switzerland

In 2018, the percentage of the population in Switzerland living below the poverty line fell from 8.2% (2017) to 7.9%, returning to the same level as it was in 2010. © Chernetskaya | Dreamstime.comMost affected by poverty were those aged under 18 (9.6%) and those aged over 64 (13.7%). Single parent families (19.3%), those without tertiary education (12.7%) and those without Swiss citizenship (11.6%) were more likely to have incomes low enough to place them below the poverty line....

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New commemorative Swiss franc Federer and Einstein coins

Following the success of the pre-sale of Roger Federer coins at the beginning of December 2019, a further 37,000 will be issued by Swissmint in various minting qualities on 23 January 2020. The coins are commemorative. In addition to coins featuring the well-known tennis star from Basel, there is a tiny (3mm diameter) gold coin sporting an image of the famous theoretical physicist Albert Einstein who lived and studied in Switzerland. Einstein was a Swiss citizen from 1901 until his...

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Switzerland moves closer to taxing flights

© Christian Heinz | Dreamstime.com A Swiss parliamentary commission, tasked with looking at the introduction of an environmental tax on flights departing from Switzerland, recently voted in favour a such a tax. A majority of 17 to 8 members voted in favour of the move. The tax would range from CHF 30 to CHF 120 per passenger depending on flight distance and class. Passengers transiting through Switzerland would not pay the tax. Those travelling in private aircraft...

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Switzerland moves closer to taxing flights

A Swiss parliamentary commission, tasked with looking at the introduction of an environmental tax on flights departing from Switzerland, recently voted in favour a such a tax. © Christian Heinz | Dreamstime.comA majority of 17 to 8 members voted in favour of the move. The tax would range from CHF 30 to CHF 120 per passenger depending on flight distance and class. Passengers transiting through Switzerland would not pay the tax. Those travelling in private aircraft would be charged...

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