Under MiFID II, financial institutions providing both execution and research services must price and supply them separately (i.e. unbundled). As the separately supplied research service is subject to 7.7% VAT, the new rule will impact Swiss businesses providing or receiving research services.
A much anticipated tax reform framework was released last week. It serves now as a template for the tax-writing committees of the House and Senate, whereby the details need to be elaborated by these committees. The Framework can thus be viewed as an important but small step on a long, uncertain journey that doesn’t necessarily end in 2017.
How will technology change our working lives? A more efficient version of today? Digital labor is one of the biggest disruptors of our time and it is continuously gathering speed and sophistication. Developing and implementing a strategy for it can augment and/or automate the tasks of your highly skilled workforce.