In Switzerland, marriage can increase the amount of tax a couple pays, something referred to as the marriage penalty. Higher tax is levied on married couples because they are assessed on their combined income rather than separately. Another argument against the current system is that it presents an economic barrier for second income earners who […]
Switzerland expecting a 2.5 billion franc federal surplus for 2018
The latest figures forecast Switzerland’s federal spending for 2018 will be CHF 0.9 billion less than expected. This and higher than expected receipts of CHF 1.3 billion add up to an extra CHF 2.2 billion on top of an original budget surplus of CHF 0.3 billion, bringing the total forecast federal surplus to CHF 2.5 […]
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 […]
Why Switzerland was ranked the most economically free nation in Europe
Switzerland was placed fourth globally in the 2016 Economic Freedom index published by the Heritage Foundation on Monday. One of only five countries declared economically free, Switzerland ranked top in Europe and was the only country in the top five not to lose any ground. In fact it improved by half a point. 178 countries were […]
The Swiss tax money go-round: winners and losers in 2015
Swiss cantons have very different tax bases, tax rates and costs. Many think all taxes raised by each canton are spent there. This was true, however in 2008 it changed. A national financial equalization mechanism (or péréquation financière nationale in French) was introduced to reduce cantonal financial disparities. Now every year rich cantons pay and poor cantons […]
Why Swiss farm produce is so expensive
Swiss farm produce is expensive. It is not uncommon to pay over CHF 100 (US$ 105) per kilogram for the best cuts of beef in Swiss supermarkets, a multiple of two to three times the price of many other countries. Similarly high prices exist for many other farm products in Switzerland. Why is this? Small […]
Swiss tax revolution
The question facing the Swiss federal government is how to keep Swiss corporate taxes attractive without offering foreign companies preferential tax rates, a system that the Organisation for Economic Co-operation and Development (OECD) and the European Union (EU) will no longer tolerate. The Swiss Federal Council, the seven-member executive council which constitutes the federal government, […]
