20 Minutes. Hundreds of tax declarations containing private information were found discarded in a skip in the Swiss canton of Schaffhausen. The tax returns, with clearly visible data, were thrown out by the city according to 20 Minutes. The tax returns date from 2006. The person in charge of data protection for the canton, spoke […]
Someone found 50,000 francs outside a train station and handed it in to the police
24 Heures. Last week someone passing through Basel train station found an envelope when entering the station. To her surprise it contained 50,000 francs. The woman who found the cash was a 22 year old from France. She went to the police station last Wednesday after finding the envelope on Tuesday. According to Blick, The […]
Switzerland’s costliest cantons for tax, housing, health, commuting, and childcare
This week the bank Credit Suisse published its cantonal cost of living report. Its ranking considers a typical household’s biggest expenses: tax, housing, commuting, basic health insurance and childcare. It takes income and deducts all of these costs to arrive at a measure of disposable income. In a simplified world it might be expected that […]
Migros Bank could pass on negative interest rates
20 Minutes. Because of negative interest, even a savings account earning 0% interest is earning too much reckons the bank’s boss. Soon many banks will be passing on some of the cost of negative interest to their clients, reports 20 Minutes. Migros Bank will need to seriously consider doing the same in 2017. The bank’s boss Harald […]
Swiss government plan to reduce doctors’ visits
20 Minutes. Some Swiss politicians would like to focus minds on the costs of going to the doctor to reduce the number going for the most minor of reasons. Their plan would require deductibles to rise annually in line with increases in the cost of basic health insurance. Higher deductibles, they think, would put people off […]
Pension payments could become compulsory for self-employed in Switzerland
Switzerland’s Federal Council is looking at a proposal to make pension payments compulsory for self-employed workers in the same way that they are for salaried workers. In Switzerland there are three elements to pensions. A universal state pension, funded from social security payments, a second element, known as a second pillar, which is a pot […]
Swiss are the world’s wealthiest, says report
According to a recent report by the bank Credit Suisse, the Swiss are worth more on average than the residents of any other nation. The bank’s annual Global Wealth Report calculates average net worth per Swiss adult to be US$ 561,900 (CHF 567,500). Switzerland’s combined personal wealth of US$ 3.5 trillion represents 1.4% of the […]
Swiss regulator does not want to loosen mortgage restrictions
24 Heures. Swiss financial markets regulator Finma is not planning to loosen mortgage lending directives, according to its director Thomas Bauer, after the bank Raiffeisen expressed a desire for looser lending rules. In an interview with Zentralschweiz am Sonntag, Bauer said that this could allow certain households to get mortgages that they wouldn’t be able to service […]
Those with less are worth more in Schwyz than Geneva
Last Friday, the federal Swiss tax office published the latest statistics covering the wealth and earnings of the nation’s more than 5 million tax payers – Switzerland has wealth tax, so net worth is included in tax returns. The highest percentage of the very wealthiest (CHF 10 million plus) lived in Schwyz. Geneva also made […]
Migros experiments with personalised discounts
Tribune de Genève. According to the NZZ am Sonntag, in September, Swiss supermarket Migros launched a new system which offers personalised discounts. The discount experiment will run for a year in stores in Geneva, Nyon, Bern and Zurich. What is it exactly? Those with Cumulus loyalty cards will receive special offers via an app on […]
