A project to end Switzerland’s controversial system of imputed rent was launched more than seven years ago. This week, discussions in Bern suggest the project’s chances of sucess remain narrow. In Switzerland, anyone who owns a property retained as a primary or secondary residence must add a fictional rent to their taxable income, which is […]
Tourism one quarter of Switzerland’s traffic
New data show that tourism accounts for 25% of the total traffic on Swiss roads, reported SRF. The Federal Council report shows that leisure and tourism account for 53% of passenger road traffic, with the other 47% made up of commuting to and from work. Regular leisure traffic by residents of Switzerland accounted for 27% […]
New data on Switzerland’s gender pay gap
Across much of the developed world, gender pay disparities all but disappear if comparisons are made like for like, looking at individuals doing the same function in the same company, according to Korn Ferry Hay Group research, which looked at 20 million salaries at 25,000 organizations in 100 nations. However, because of job and career […]
Swiss to vote on tenancy laws this weekend
Most people in Switzerland rent. This means the nation has strict tenancy rules, some of which are viewed as too strict by the current government. Both parliament and the Council of States have come up with two changes aimed at limiting the actions of tenants, which are considered abusive. These two votes are the result […]
Swiss to vote on plan to upgrade motorways this weekend
On 24 November 2024, the Swiss will vote on four questions. The first is a federal government plan to invest in expanding Switzerland’s motorway network. The government’s plan aims to alleviate six motorway bottlenecks. The Federal Council points out that traffic on the nation’s highways has more than doubled since 1990 and the estimated CHF […]
Switzerland ranked second in digital competitiveness
Switzerland came second in this year’s World Digital Competitive Ranking, which ranks 67 nations across the world. The 2024 World Digital Competitiveness Ranking, produced annually by IMD, placed Singapore at the top, followed by Switzerland and Denmark. This year’s ranking is the highest for Switzerland over the eight years that the report has been published. […]
Federal Council hopes to boost savings with pension change
Switzerland’s pension system has three elements. The first is a state pension linked to the number of years worked. This is funded by a tax. The second is a salary based scheme funded by salary deductions, and the third is an optional element known as the third pillar. Contributions to all of these are tax […]
Switzerland’s cross border workers reach record level
At the beginning of the Covid pandemic there was talk of closing Switzerland’s borders. However, it was clear that Swiss hospitals and businesses near Switzerland’s borders would not function without the workers who cross the border daily to work for them, and the notion was dropped. Statistics published this week by the Federal Statistical Office […]
Swiss National Bank to issue new money
The Swiss National Bank (SNB) has started the process of issuing a new series of banknotes by launching a design competition, it announced this week. The new banknotes will not be issued until the early 2030s at the earliest, said the bank. The new series will be dedicated to the unique topography of Switzerland and […]
Swiss want more political action on immigration
A survey report published this week shows that the population of Switzerland increasingly sees immigration as a challenge and desires political action. Overall, while the economic and cultural effects of immigration are viewed positively, the strains on infrastructure, housing and the environment are viewed negatively. In addition, negativity towards immigration is showing among groups that […]
