Switzerland

US Tax Reform: what to expect for Swiss groups and IHQ?

The timing of enactment is anyone’s guess. Based on President’s Trump statements and the fact that the tax reform is very high on the priorities list of the Republican Party, things may move forward rapidly. A draft bill could be released by The House of Representatives within the next month or two.
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AEoI’s impact on collective investment schemes and asset managers

If you’re involved in collective investment schemes, you must carefully assess whether you have to fulfil any AEoI obligations. If an entity qualifies as reporting financial institution, it’s important to carry out reporting but also due diligence procedures to identify all reportable persons.
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FinSA: First result of treatment by Economic Commission of the Swiss National Council

The Economic Commission of the Swiss National Council started discussing the FinSA at the end of January 2017. So far, the Commission has treated the first 10 articles of the act. However the controversial question whether insurance companies should remain in the scope of the FinSA or not has been delayed for the time being.
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Switzerland’s next act: from business hub to world’s digital labor hub

Digital labor is one of the key disrupters impacting global business today. The race is on to find the best location for using digital technology to augment and/or automate the tasks of highly-skilled workers. Already attractive for doing business, Switzerland’s got more than just a head’s start.
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White-collar crime in Switzerland causes losses in the billions

The most recent KPMG Forensic Fraud Barometer shows that Swiss courts tried 57 cases of white-collar crime in 2016. While this might be significantly fewer cases than the year before, the total losses exceeded CHF 1.4 billion, a record high since KPMG began gathering data.
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BEPS and the “No” to the Swiss Corporate Tax Reform III

The Swiss people voted “No” on the proposed Corporate Tax Reform III on 12 February 2017. What does this mean for Switzerland’s position on and implementation of BEPS? Generally speaking, there is very little or no direct impact, and in particular Action 13 with CbCR is not affected at all.
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