Tag Archives: Swiss Markets and News

© Mudretsov Oleksandr | Dreamstime.com A survey conducted by the advisory firm EY shows a rise in perceived corruption in the workplace in Switzerland. 18% of workers surveyed by the firm in Switzerland now think bribery and corruption are widespread in the country. While high this figure is well below the 33% average for Western Europe and the 51% average across all of the 41 countries in Europe, Africa, the Middle...

Over the year ending 31 March 2017, apartment prices across Switzerland dropped by 6.8%, according to a property price report published by the Zurich-based research and consulting firm Fahrländer Partner FPRE. Close to half of the decline (-3.2%) occurred in the first quarter of 2017.Across the year, the price of mid-range apartments fell most (-9.4%), followed by high-end ones (-6.3%) and smaller lower cost...

© Steeve Baillon – Dreamstime.com Tribune de Genève. The French tax authorities will not get Swiss help to investigate tax payers identified in data taken by Hervé Falciani from HSBC private bank in Geneva. HSBC, owner of the private bank in Geneva, which became part of HSBC in 1999 when it was acquired from Republic National Bank, a group run by Lebanese-born financier Edmond Safra, described the data taken from the...

Daniel Humm – Source: Facebook_chefdanielhumm 24 Heures. A Swiss chef from Aargau came first in this year’s ranking of the world’s 50 best restaurants. Daniel Humm, co-owner of the restaurant Eleven Madison Park, comes from Strengelbach in Switzerland, and earned his first Michelin star at 24. In 2003, he moved to the United States to become a chef at Campton Place in San Francisco. Three years later, he moved to New...

Chalet apartments in Verbier – © Chechotkin | Dreamstime.com On 11 March 2012, Swiss voted to accept a law restricting the construction of secondary residences, homes that are only used occasionally by owners living somewhere else. Under the law no more than 20% of a municipality’s housing can be second homes. Those with percentages above 20% run into building restrictions. The initiative was nick named Lex Weber after...

© Kevinbrine | Dreamstime.com The French-Swiss group, described as “disreputable” by the Ville de Paris, will not be supplying sand to the city of Paris this summer. Paris Plages (Beaches), a project that creates temporary beaches of sand along the banks of the river Seine every summer, said it would take no more sand from LafargeHolcim because of its willingness get involved in Donald Trumps’s disastrous Mexican wall...

Photo: Phillip Judd Some United Nations consultants haven’t paid taxes on their income, thinking it was exempt. When the tax authorities catch up with them they’ll risk paying back taxes and fines. As a general rule, foreign UN functionaries are not required to pay local taxes on their income. On the other hand UN consultants must. Over the weekend, Swiss broadcaster RTS, explain the details of a system misunderstood by...

In 2015, 21.7% of Switzerland’s population was unable to cover an unexpected expense of CHF 2,500 within a month, says a report from the Swiss Federal Statistics Office. ©-Alex-Hinds-Dreamstime.com_ - Click to enlarge Single parent families were the least able to cope with 46.1% of them falling into this camp. Single parent families were followed by single people under 65 (27.1%) and two-parent families (24.0%)....

Credit Suisse has confirmed that the Swiss bank, some of its employees and hundreds of account holders are the subjects of a major tax evasion probe launched in UK, France, Australia, Germany and the Netherlands, setting back Swiss attempts to clean up its image as a haven for tax evaders. According to Bloomberg, Dutch investigators seized jewellery, paintings and even gold bars as part of a sweeping investigation into...

Authored by Ryan McMaken via The Mises Institute, As the immigration debate goes on, many commentators continue to sloppily ignore the difference between the concept of naturalization and the phenomenon of immigration.  While the two are certainly related, they are also certainly not the same thing. Recognizing this distinction can help us to see the very real differences between naturalization, which is a matter...