15.11.11 Banking Retrocession
In its past case law, the Swiss Federal Supreme Court had the opportunity to state that the renunciation by a customer to claim reimbursement for retrocession, in order to allow its manager to perceive it, is subject to certain conditions. In fact, the indication by the asset manager that he receives retrocession is not enough [...] |
21.10.11 Initiative – new inheritance tax
As of September 16, 2011, a popular initiative called « Imposer les millions des successions pour notre AVS (réforme de l’impôt sur les successions) » has been published in the « Feuille fédérale ». This initiative aims to establish an inheritance and donation tax at a national scale while that situation is actually regulated by the cantons. [...] |
6.10.10 SWITZERLAND AND THE UNITED ARAB EMIRATES INITIAL DOUBLE TAXATION TREATY:
On 29 September 2010, the Swiss Federal Department of Finance announced that Switzerland and the United Arab Emirates had initialed a double taxation treaty, including in particular the expansion of administrative assistance in tax matters in accordance with the OECD standard, reductions in withholding tax on dividends, interest and royalty payments, and the introduction of [...] |
1.09.10 SWITZERLAND : WORLD’S MOST EXPENSIVE PLACE TO BUILD
According to a report published in August 2010 by EC Harris, Switzerland has recently replaced Denmark as the world’s most expensive country in which to build ! Following the publication of this report, the Financial Times of August 2, 2010, stated that Zurich and Geneva had become the most expensive destinations for residential and commercial [...] |
28.05.10 Sanctions required by the Secretariat of the Competition Commission (COMCO) against the branch of perfumes and cosmetics
On May the 28th, 2010, the Secretariat of the Competition Commission published the outcome of the investigation it has opened on the 1st of December 2008 against the association of producers, importers and suppliers of cosmetics and perfumery (ASCOP) and against its members (more particularly Burberry, Van Cleef & Arpels, Bulgari, Chanel, Hermes, Calvin Klein, [...] |
