Yesterday the European Commission announced that EU residents should soon be able to make calls and use data without any additional charges while travelling in another EU country. Countries outside the EU, but within the European Economic Area (EEA), including Norway, Iceland, and Switzerland’s neighbour Liechtenstein, will be included in the deal. Günther H. Oettinger, […]
Ochsner Sport under the spotlight after false discount labelling claim
One of Ochsner Sport’s customers was surprised by what they found when they peeled off a discount price sticker. According to the consumer watchdog, Fédération romande des consommateurs (FRC), a customer who bought a headlamp from the Ochsner Sport store in Nyon in December 2015, discovered an old price label under the one showing the discounted […]
Swiss trains the most expensive in Europe
A study by GoEuro, compares the cost of travelling 100km by train. Switzerland led the ranking with the most costly train trips in Europe. Travelling 100km in Switzerland cost CHF 52. The study is based on the prices of 300 million domestic train journeys across Europe between April 2015 and April 2016. The price differences are significant. […]
Swiss need to retire at 67, says parliamentary commission
Le Matin. The Swiss might need to work until 67. In a report, a parliamentary commission suggests automatically raising the statutory retirement age, as part of a set of measures designed to eliminate a large pension funding shortfall brought on by an aging population and falling investment returns. The state pension system needs to find […]
Swiss post to accept cards from other banks, but there’s a catch
Tages Anzeiger. Anyone new to Switzerland may be surprised to find that the only way to pay in Swiss post offices is with cash, unless you have a Swiss Post card. The Tages Anzeiger reported that the company has started experimenting with debit card payments in two post offices. One in Zollikofen in the canton of […]
Cross-border workers can now choose between French and Swiss health insurance
Tribune de Genève. Those who work in Switzerland but live in France will soon be able to choose where they take out health insurance. In 2014, the French government made life difficult for many cross-border workers by removing the option of taking out private health insurance instead of paying into the French state health system. […]
Swiss government rejects union demands for pension increases
20 Minutes. Various Swiss unions along with the socialist and green parties have launched an initiative to increase pensions. Their plan, which demands a 10% increase in pension payments, will be put before Swiss voters in a referendum on 25 September 2016. The cost of the plan could be as high as CHF 4.1 billion. […]
Swiss tax redistribution in 2017 – winners and losers
Swiss cantons have very different tax bases, tax rates and costs. To even things up, and temper tax rate competition between cantons that jockey to attract the wealthiest residents with the lowest tax rates, Switzerland has a system known as la péréquation financière nationale in French, or Finanzausgleich in German, which requires “rich” cantons to give money […]
Tax breaks for Swiss home owners should be reduced, say experts
20 Minutes. A recently released report, put together by a group of experts, proposes measures to dissuade people in Switzerland maintaining high levels of debt, in particular home mortgages. The report says the current system encourages individuals to maintain unhealthy levels of debt. The level of home mortgage debt in Switzerland is very high by international standards and has […]
The 1,000 franc note not about to disappear
Le Matin. Earlier this month, the European Central Bank announced that it will stop issuing 500 euro notes. Known colloquially as the ‘Bin Laden’, because it helps criminals move large sums without detection, the 500 euro will not be produced from 2018 when the new Europa series of notes are launched to replace current euro […]
