In Switzerland, some married couples pay more tax than unmarried ones, something referred to as the marriage tax penalty. The issue has been doing the rounds of the halls of Switzerland’s government for around 30 years. On 28 February 2016, a vote to change the current system was narrowly rejected by 50.8% of voters. Then […]
Zurich homes market in highly overvalued territory, says UBS
Every quarter UBS, a bank, publishes its real estate bubble index, a report that covers real estate prices in 24 cities around the world. In the third quarter of 2019, Munich was listed as the most overvalued housing market in the world. Bubble risk was highest in Munich, Toronto, Hong Kong and Amsterdam. Frankfurt, Vancouver […]
EU removes Switzerland from tax haven list
In December 2017, the European Union (EU) set up a blacklist and a grey list of tax havens, countries it deemed were being used to help companies and wealthy individuals reduce their tax bills. Switzerland ended up on the grey list. Nations on these lists faced reputational damage and stricter controls on financial transactions with […]
Why Switzerland ranked near the top of the 2019 global competitiveness ranking
Switzerland made the the top 5, after dropping from 4th to 5th, in this year’s World Economic Forum (WEF) Global Competitiveness Index. Switzerland’s decline was largely due to a down weighting of a factor where it is strong, according to WEF’s Saadia Zahidi. The Global Competitive Index measures performance in 114 areas that influence a […]
Nobel Prize awarded to two Swiss physicists
This week Swiss physicists Michel Mayor and Didier Queloz, who are based at the University of Geneva, were awarded the 2019 Nobel Prize in Physics for discovering the first exoplanet orbiting a sun-like star in 1995. Exoplanets, or extra solar planets, are planets beyond our solar system. The National Geographic video above explains their discovery […]
Migros recalls cheese containing harmful bacteria
Internal testing by Migros found listeria bacteria in a Gorgonzola e Mascarpone cheese product. The cheese product shown above should not be eaten, according to Migros. If consumed it could trigger flu-like symptoms including fever, headache and nausea. Pregnant women and those with weakened immune systems who have consumed this product and who have these […]
Rumoured plan to repatriate Daesh families to Switzerland
According to various newspapers, including Tribune de Genève, some members of Switzerland’s federal government are considering a plan to repatriate Daesh families from the middle east to Switzerland. The plan, which newspapers say could find support among members of the Federal Council, would involve bringing four mothers and seven children back to Switzerland. Two of […]
Swiss parliament rejects initiative to limit immigration
Last week, Switzerland’s parliament voted against an initiative put forward by the Swiss People’s Party (UDC/SVP) to limit immigration into Switzerland, according to RTS. The idea was rejected by 123 votes to 63. The UDC was the only party to support it. If a majority of Swiss voters support the initiative the government would have […]
Parents waiting longer to have children in Switzerland
In Switzerland, on average, mothers gave birth to their children at the age of 32 in 2018. And, fathers were on average 35.1 years old, according to the Federal Statistical Office. In 1990, on average, mothers gave birth to their children at the age of 28.9. Switzerland’s fertility rate, or the average number of babies […]
Record numbers protest for climate action in Swiss capital
According to protest organiser Climate Alliance, between 60,000 and 100,000 people gathered in Bern, Switzerland’s capital, last week to urge greater action on climate change. Climate Alliance, says it represents 80 environmental organisations. 100'000 !#Berne #ClimatDeChangement #ClimateAction #ClimateJustice pic.twitter.com/Yl7ge9PNHi — Alliance Climatique Suisse (@alliance_climat) September 28, 2019 Local police did not want to comment on […]
