24 Heures. According to the bank Raiffeisen, if rents had followed the path prescribed in the Swiss Code of Obligations, they would be much lower. Their figures show that changes in interest rates have not flowed through to renters. If rents had fallen in step with mortgage interest rates they would be 40% lower than they […]
Archives for March 2017
46% of Swiss industrial companies considering relocating operations abroad
After a very difficult year in 2015, the Swiss mechanical and electrical engineering industries (MEM) started to recover in 2016, with new orders rising by 9.5%. At the same time 23% of the industry made a loss on the back of high costs and a 1.8% drop in sales, says the industry association Swiss MEM. […]
Proposal to remove Swiss home-owner tax rejected
In Switzerland, those who own the home they live in must add imputed rent to their income when calculating their income tax. This means owner-occupiers are taxed for living in their own homes, an odd concept for some who are new to Switzerland. In addition to paying tax on imputed rent, home owner-occupiers can deduct […]
Swiss government drops plan to restrict lobbyists’ access to parliament
One year after Switzerland’s Council of States (upper house) voted in favour of controlling lobbyists’ access to parliament, the draft proposed implementation plan has been rejected by the commission in charge of it. Back in March 2016, the Council of States voted in favour of a parliamentary initiative put forward by state councillor Didier Berberat calling for those accessing parliament to […]
Government stops tax rises on Swiss cigarettes
Swiss cigarette prices will not rise over the coming years unless manufacturers increase the underlying price. On Tuesday, Switzerland’s Council of States (upper house), withheld permission to allow the Federal Council (cabinet) to continue hiking the tax on smokes. From 2005 to 2015, the price of Switzerland’s best selling cigarettes rose from CHF 6 to […]
Why you should visit the Gianadda gallery in Martigny
Gianadda, that spectacular cultural centre in Martigny, specializes in exhibitions you want to wander round more than once. Its latest show – Hodler, Monet, Munch: painting the impossible (3 February to 11 June 2017) – also lives up to the Foundation’s knack of finding original themes to group masterpieces of modern painting. The Fondation Pierre […]
Sender must now pay Swiss Post for customs checks
Currently, anyone ordering something from outside Switzerland, must pay Swiss Post an administrative charge if their package attracts import tax (duty and/or VAT). In addition, they must pay Swiss Post an additional CHF 13 if the parcel needs to be opened, usually because the package has been poorly labelled. Swiss Post has a contract with Swiss customs […]
Acceleration in number of Swiss emigrating
According to government statistics released today, the number of Swiss living abroad increased by 2.9% in 2016, reaching close to 775,000. This means around 1 in 9 Swiss nationals lives outside Switzerland. Growth in the number leaving has been accelerating. In previous years the growth rate was around 2%. At the end of 2015, there were 8,327,126 […]
