Outlook after the Swiss tax reform: Zug defends top spot Credit Suisse has announced the release of its Locational Quality Indicator annual study for 2020 that looks into the locational quality of Swiss cantons and regions. The annual Locational Quality Indicator (LQI) was developed in order to measure the attractiveness of the Swiss regions and...Read More

Switzerland declares Privacy Shield with USA non-compliant In light of the recent case law of the European Court of Justice (ECJ) on the protection of personal data in the context of the Privacy Shield between the US and the EU, Switzerland has been reassessing the conformity of the Privacy Shield to the Federal Act on...Read More

Taxes payable by cryptocurrency make Switzerland a leader in the implementation of crypto assets Thanks to its collaboration with Bitcoin Swiss, Canton Zug announced that it will accept tax payments by Bitcoin and Ether (for both companies and private individuals) up to an amount of CHF 100.000, starting from February 2021, becoming the first Swiss...Read More

Blockchain and distributed ledger technology: no repercussions for tax law Berna, 19.06.2020 – Nella sua seduta del 19 giugno 2020 il Consiglio federale ha preso atto del rapporto relativo a un’eventuale necessità di adeguamento della legislazione fiscale nel settore della blockchain. Il rapporto conclude che non occorre apportare particolari modifiche alla legislazione fiscale. L’ordinamento giuridico...Read More

    IRS to delay US tax filing IR-2020-66, April 9, 2020 WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 (PDF) extends additional key tax deadlines for individuals and businesses. Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file...Read More

      Global Forum: Switzerland scores well Bern, 06.04.2020 – The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has also rated Switzerland as largely compliant in the second round of peer reviews on the exchange of information upon request. The report was published on 6 April 2020. It noted significant improvements,...Read More

      Widespread success of minimum BEPS standards Thanks to the OECD’s treaty-shopping prevention rules, most of Inclusive Frameworks jurisdictions have now agreed to eliminate double taxation, non-taxation or reduced taxation opportunities. At the same time such jurisdictions will prevent  businesses and investors to benefit under tax treaties through the implementation of anti-abuse provisions....Read More

          Taxation of digital economy: Swiss response to recent OECD statement   Introduction Digitalisation is changing the way businesses operate and new business models have become a growing challenge for existing international tax systems. Under the Base Erosion and Profit Shifting (BEPS) project, the Organisation for Economic Cooperation and Development (OECD)...Read More

        EU lists Cayman Islands, Panama as tax havens, spares Turkey BRUSSELS (Reuters) – European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU’s blacklist of tax havens, while giving Turkey more time to avoid being listed, an EU document said on Tuesday. The list, which...Read More

6 Feb 2020 The Tax Information Exchange Agreement (TIEA) between Singapore and the United States of America, signed on 13 November 2018, will enter into force on 5 March 2020. The TIEA will permit Singapore and the United States of America to exchange information for tax purposes. This enhances tax cooperation between the two countries....Read More