The National Council, Switzerland’s parliament, supported a motion that would end the transfer of debt from unpaid health insurance premiums to young adults, according to 20 Minutes. Under the current system, when young adults reach the age of 18 they must pay any health insurance premiums that were not paid on their behalf by their […]
Swiss government decides not to act on roaming charges
The National Council, Switzerland’s parliament, rejected a motion to force Swiss mobile phone operators to remove EU roaming charges. 99 voted against, 78 for and 14 abstained, according to the newspaper 20 Minutes. In 2017, the European Union (EU) forced EU operators to stop charging their customers extra for calls made outside their home country […]
Swiss government’s counter proposal to tackle high Swiss prices
Many new to Switzerland are shocked by the prices of things. High Swiss prices have not gone unnoticed by locals either, many of whom shop in neighbouring countries to avoid them. However, cross-border shopping hurts the environment – more time is spent in cars – and hurts local Swiss retailers. There are many reasons for […]
Assura to refund 30 million francs to policyholders
Switzerland’s third largest health insurer had a good year in 2018, according to recently published financial statements. Instead of holding onto all of the CHF 61.9 million profit it made last year, the not-for-profit company plans to return some of the money to policyholders between now and the end of the year. Around half of […]
A family apartment in Geneva close to twice the price of one in St. Gallen
On average, renting a 4.5 room apartment of 100 to 110 m2 costs CHF 3,820 a month in Geneva. The same apartment in the Swiss city of St. Gallen costs CHF 2,004, 52% of the price, according to a report on rents in Switzerland’s ten main cities by the price comparison website Comparis. For an […]
The 3 things driving Geneva’s residents to shop in France
A recent study by Geneva’s department of economic development (DDE) looks at the shopping habits of its residents and the residents of neighbouring Vaud and neighbouring France – an area including Nyon and parts of the French Ain and Haute Savoie regions. Every year, the residents of this greater Geneva region spend around CHF 7.2 […]
Switzerland’s workforce participation – Swiss versus foreigners
In 2018, 68.5% of the nation’s residents aged 15 or older was working, 1.5% more than in 2010. This rise was largely driven by an increase in the percentage of women in the workforce. In 2010, 60.0% were working. By 2018, 62.9% were, a rise of 2.9%. On the other hand, the overall percentage of […]
Income inequality declines in Switzerland
In 2016, before the effects of taxes and welfare, the highest earning 20% of Swiss households made on average 40.8 times what an average household in the bottom 20 percent made, an inequality measure known as the S80/S20. However, after taxes and welfare, including low income support, health insurance subsidies, pensions and disability benefits, the […]
Swiss Rail shares bumper profits with passengers
In 2018, Swiss Rail made a profit of CHF 568 million, 42.5% more than in 2017. Part of the rise was due to higher than average spending on maintenance in 2017. It is worth noting that Swiss Rail receives a large sum from taxpayers every year. In 2018, the company received CHF 3.5 billion of […]
Swiss parliament calls for more online purchases to be taxed
Since 1 January 2019, companies abroad making more than CHF 100,000 in revenue must charge Swiss VAT on sales made to anyone in Switzerland. Now the Swiss government has decided to take aim at online platforms such as Aliexpress and Wish, according to the broadcaster RTS. Rather than chasing foreign companies selling products in Switzerland, […]
