Latest Switzerland News
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Switzerland Withholds EUR615m In 2012 In EU Interest Tax
According to the Swiss Federal Department of Finance, gross revenue generated from the system of tax retention on interest payments made in Switzerland to European Union (EU) taxpayers, amounted to CHF615.4m (USD666.6m) for the 2012 tax year. This figure compares with the CHF506.5m withheld by the Confederation in 2011. In compliance with the agreement between Switzerland and the EU on the ...
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Lake Zurich trustees vote in favor of forgoing pensions
Lake Zurich trustees Monday night voted in favor of ending their participation in the Illinois Municipal Retirement Fund pension plan because they don't work enough hours to qualify. As part of a random audit, IMRF required Lake Zurich to provide certification that the position of trustee requires a minimum of 1,000 hours ...
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Catbot Swiss ‘cheetah-cub’ robot gets feline biomechanics
Transport Swiss scientists are challenging nature, constructing a 'cheetah-cub' robot that imitates a cat's movements. Though it still lacks a head for guidance and its electricity-supplying tail is way too long, it could be used for exploration and rescue. The quadruped robot with finely mimicked feline morphology was designed at the Biorobotics Laboratory (Biorob) at Ecole ...
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Carl Elsener Businessman who transformed the Swiss Army Knife into a global product
Starting as a teenage apprentice cutler, Carl Elsener went on to turn a relatively simple penknife into the global phenomenon that is the multi-functional Swiss Army Knife. He worked for the Swiss family firm Victorinox for 70 years, 57 of them as CEO, and retained the honorary, almost spiritual title "Senior Leader" until his death at the age of ...
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Swiss Bankers Stripped of Secrecy as Minister Embraces Data Swap
For almost eight decades, many Swiss bankers had an easy job taking in often untaxed money from wealthy customers from around the world. Now, the country's first female finance minister is changing the ...
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United Nations urges global efforts to respond to drought
United Nations officials say global action is needed to improve responses to the threat of drought around the world. Countries must work collectively to build resilience and prepare themselves against drought, officials said Monday. "Droughts are hard to avert, but their effects can be mitigated," ...
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Government condemns alleged US snooping
The Swiss government has described the systematic internet monitoring allegedly practised by the US intelligence service, NSA, as an "excessive infringement of the private sphere", whose protection is guaranteed by the federal ...
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GCC Labor representatives hold talks with ILO in Geneva
Geneva, June 17 (BNA) -- Director General of the GCC Labour and Social Affairs Ministers Council Executive Bureau Aqeel Ahmed Al-Jassim stressed the necessity of benefiting from training programs offered by the International Training Centre of the International Labour Organization (ILO), Turin, adding the GCC countries need to strengthen the capacity of the ministries' administrative and ...
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Foreign banks in Switzerland favour US bank deal
0 ZURICH: Foreign banks based in Switzerland called on Monday for a rapid resolution of a dispute with Washington over Swiss banks' role in tax evasion by Americans, warning the prolonged uncertainty was putting entire financial institutions at risk.Alfredo Gysi, who heads the Association of Foreign Banks in Switzerland, told reporters in Zurich he hoped the lower house of the Swiss ...
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Mars Nestle Hershey accused of price-fixing
By Ian Johnston, Staff Writer, NBC News Nestle, Mars and Hershey companies in Canada have been charged with conspiring with others to fix the price of chocolate, authorities said.Nestle Canada and Mars Canada both said they would "vigorously defend" themselves against the claims.Canada’s Competition ...
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Switzerland wants OECD-wide deal on tax information
(GENEVA) - Switzerland said Monday that it wants the OECD group of industrialised nations to broker a global deal on the exchange of information about people who bank their cash outside their homeland.In a statement, the Swiss government said that a "global standard" was necessary for the automatic exchange of information for taxation purposes."The most suitable body for preparing ...
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EU plays tough ahead of tax talks with Swiss
The European Union has called on Switzerland to agree to swift and unconditional negotiations on the introduction of an automatic exchange of banking information - doing away with banking secrecy to crack down on tax evasion by foreign asset ...
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EU tax chief urges Swiss to end bank secrecy
BERNE (Reuters) - The European Union official in charge of tax policy tried to persuade Switzerland on Monday to agree to surrender more information about clients of its big banking industry as part of a drive to combat tax evasion. ...
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Even minor depression affects everyday life
Minor depression, which is widespread in Switzerland, should not be underestimated: those affected are often unfit for work, less productive and suffer from physical complaints, which affect their everyday lives says a report issued on ...
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Russia not invite Iran to take part in Geneva-2 conference
MOSCOW, June 17 (Itar-Tass) - Russia has not invited Iran to take part in the Geneva-2 conference, Foreign Ministry spokesman Alexander Lukashevich said on ...
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Video Robot that runs like a cat springs to life in Switzerland
Swiss researchers said Monday they have created a small four-legged, high-speed robot that runs like a cat in a bid to create a new breed of robots for use in search and rescue operations. Researchers added that the "cheetah-cub robot," the size of a small house cat or cheetah cub, moves as fast as an adult human walking briskly. It is "the fastest in its category (of) small ...
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Swiss See ‘Progress’ Made in Talks With EU on Corporate Taxes
Talks between Switzerland and the European Union on corporate tax rates are progressing, officials said today. "It was attested that big progress has been made," Swiss Finance Minister Eveline Widmer-Schlumpf said in Bern today after a meeting with EU Tax Commissioner Algirdas Semeta, who called Switzerland a "close friend of the EU." Switzerland has been at odds with ...
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Switzerland world's most competitive country
Switzerland is frequently pointed to as a model of good governance, prosperity, innovation and stability and is one of the happiest countries in the world. The recent competitive survey by the WEF underscored this, but came with a warning.
Switzerland truly is an impressive country, landlocked and small with no natural resources; it has developed into one of the richest countries in the world and was recently named the most competitive economy in the world. This is due in large part to its banking sector, which is one of the most advanced and its government structure, which is efficient in comparison to many other developed countries. Read more
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