On 16 November 2022, Switzerland’s federal government announced the sums that will be transferred between the nation’s statelets or cantons in 2023, a mechanism aimed at ensuring wealthy cantons support those with weaker economies. In 2023, CHF 5.6 billion will be transferred, a sum CHF 290 million greater than in 2022 (+5%). The total sum […]
Levelling up – the cantons giving and taking in 2022
In 2022, under the national financial equalisation mechanism, 6 cantons will transfer some of their tax revenue to Switzerland’s 20 other cantons. Switzerland’s cantons have very different tax bases, costs and tax rates. Taxes in Switzerland are comprised of federal taxes, cantonal taxes and municipal taxes. Federal taxes are the same across all of Switzerland. […]
Switzerland’s problems with debt, taxes and billionaires
Switzerland was singled out in this week’s Economist cover story on the dangers of tax-free debt. The article however, skips over essential detail and overlooks the elephant in the room. Debt is more dangerous than equity. When crises strike the fixed obligations associated with it send shock waves through the financial system as lenders panic […]
