Tag Archives: Personal finance

After years of stalemate an updated double taxation agreement (DTA) between Switzerland and the United States has been ratified and is now in force. American and Swiss representatives signed the necessary documents last week. #AmbMcMullen and State Secretary Daniela Stoffel at the @efd_dff exchanged instruments of ratification of the Protocol of Amendment to the Double Taxation Treaty today in Bern, representing a milestone in tax relations between the ?? and ??. @USTreasury...

The number of people with debts in default continues to rise in Switzerland. © Siriporn Kaenseeya | Dreamstime.comAt the end of July 2019, 561,000 people, 6.5% of the population, were unable to service their debts according to the price comparison website comparis.ch. The figures, based on data from the credit analysis company CRIF include those who have failed to make repayments and are being pursued by creditors or have declared bankruptcy. The highest rates were in the cantons...

© Siriporn Kaenseeya | Dreamstime.com The number of people with debts in default continues to rise in Switzerland. At the end of July 2019, 561,000 people, 6.5% of the population, were unable to service their debts according to the price comparison website comparis.ch. The figures, based on data from the credit analysis company CRIF include those who have failed to make repayments and are being pursued by creditors or have declared bankruptcy. The highest rates were...

Every year, Switzerland’s Federal Office of Public Health (FOPH) gives advance warning of compulsory health insurance premiums for the coming year. © Ginasanders | Dreamstime.comAfter years of rising premiums, many will be relieved by the small projected increases for 2020. Across all of Switzerland, the average premium is expected to rise 0.2% to CHF 315.40 a month. On average, adults will pay CHF 374.40 (+0.3%), young adults (19-25) CHF 265.30 (-2.0%) and children CHF 98.70 (+0.0%)....

© Ginasanders | Dreamstime.com Every year, Switzerland’s Federal Office of Public Health (FOPH) gives projections of compulsory health insurance premiums for the coming year. After years of rising premiums, many will be relieved by the small projected increases for 2020. Across all of Switzerland, the average premium is expected to rise 0.2% to CHF 315.40 a month. On average, adults will pay CHF 374.40 (+0.3%), young adults (19-25) CHF 265.30 (-2.0%) and children CHF...

© Elenaphotos | Dreamstime.com Next year the canton of Geneva plans to spend CHF 9,143 million. However, forecast revenue is only CHF 8,553 million, leaving a shortfall of CHF 590 million, according to a cantonal government press release. The canton’s finances have been hit hard from both sides. Costs will rise significantly, mainly due to the bailout of the state employee pension fund (+213 million) and higher health insurance subsidies (+176 million). In addition,...

© Tetiana Chernykova | Dreamstime.com Switzerland’s government been grappling with the politics of extending universal tax-funded parental leave for a number of years. Some are pushing for paternity leave for fathers and others for a shared pool of parental leave, which mums and dads can apportion. There is also a popular vote working its way through the system which aims to create four weeks of paid leave specifically for fathers. Recently, Philipp Müller put...

Next year the canton of Geneva plans to spend CHF 9,143 million. However, forecast revenue is only CHF 8,553 million, leaving a shortfall of CHF 590 million, according to a cantonal government press release. © Elenaphotos | Dreamstime.comThe canton’s finances have been hit hard from both sides. Costs will rise significantly, mainly due to the bailout of the state employee pension fund (+213 million) and higher health insurance subsidies (+176 million). In addition, the canton’s...

Switzerland’s government been grappling with the politics of extending universal tax-funded parental leave for a number of years. © Tetiana Chernykova | Dreamstime.comSome are pushing for paternity leave for fathers and others for a shared pool of parental leave, which mums and dads can apportion. There is also a popular vote working its way through the system which aims to create four weeks of paid leave specifically for fathers. Recently, Philipp Müller put forward a motion for...

As more baby-boomers – born from 1946 to 1964 – retire, Switzerland will faces a shortage of workers, according to Credit Suisse, a bank. © Georgerudy | Dreamstime.comEconomists at the bank estimate that 1.1 million people in Switzerland will retire over the next 10 years, a figure which includes nearly 800,000 people currently working. By 2021, there will be more people leaving the job market than joining it. The current peak in Switzerland’s age pyramid is 55 years old, the age of...