The cost of Switzerland’s federal government, including elections and referenda, comes to CHF 233 million annually, according to a calculation by RTS. This figure can be broken down into CHF 106 million to run the Federal Assembly, made up of the 200-seat National Council (parliament) and the 46-seat Council of States (upper house), CHF 17 […]
Referendum to ban tobacco advertising in Switzerland reaches 100,000 signatures
An initiative demanding a ban on tobacco advertising has collected 109,969 valid signatures, more than the 100,000 minimum required to launch a popular vote, according to RTS. The planned vote entitled: “Yes to the protection of children and young people against tobacco advertising” demands the federal government ban all forms of tobacco advertising towards children […]
Swiss upper house calls on executive to end marriage tax penalty
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 […]
Initiative to house asylum seekers outside Switzerland approved
A initiative seeking a popular vote on a plan to house asylum seekers in secure zones in their home country or nearby was validated by federal officials this week. The initiative, which originates from the Swiss People’s Party (UDC/SVP), would require asylum applicants to stay in these secure zones until their applications were processed. Successful […]
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 […]
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 […]
