Editorials · National Tax Law · Verrechnungssteuerreform · 13. September 2022
Three questions on the withholding tax reform: What does it mean for our member companies in practice?
This is an automatic translation, which is why errors may occur The vote on the withholding tax reform is coming up on September 25. It seeks to abolish part of the withholding tax, namely that on bond interest. While it will not lead to any tax savings for companies, SwissHoldings is clear: the outdated and …
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Capital Market Law · Company Law · Eingaben / Positionen · 12. September 2022
Consultation response: Closing of a criminal liability loophole in the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FinfraG)
The proposal aims to create a new criminal provision, structured as a misdemeanor, in case of violation of the obligation to publish a true and complete offer prospectus or a true and complete pre-announcement. It is to be structured as a mirror image of the penal provision for untrue or incomplete information in the target …
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Statements & Positions · Trade and investment policy · 9. September 2022
Consultation Response: Federal Law on the Audit of Foreign Investments
This is an automatic translation, which is why errors may occur Summary of the Association’s position and concerns Foreign direct investment is central to Switzerland. In the small and open Swiss economy, the prosperity of the population and the competitiveness of companies depend directly on integration into global value chains. Since Swiss companies themselves are …
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Competition Law and Competition Policy · Statements & Positions · 2. September 2022
Consultation response: Revision of the Verticals Notice – Consultation drafts of the Verticals Notice (VertBek) and the VertBek Explanatory Notes
This is an automatic translation, which is why errors may occur. On July 5, 2022, the Competition Commission (WEKO) published drafts for a revised Verticals Notice (E-VertBek) together with associated explanations (E-VertBek explanations) and invited you to submit your comments for consultation. We thank you for the invitation to comment on the above-mentioned consultation. We …
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Session previews · 30. August 2022
Session preview autumn session 2022
This is an automated translation, which is why errors may occur. The session preview provides an overview of important business falling within our area of activity that will be dealt with in the upcoming autumn session (September 12 – 30) in the National Council and the Council of States. With the session preview, we show …
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Dossier Digitalbesteuerung · International Tax Law · National Tax Law · Press releases · 26. August 2022
OECD digital taxation project: WAK-S largely follows Federal Council proposal
This is an automatic translation, which is why errors may occur. Yesterday, the WAK-S dealt with the OECD tax reform and discussed it to the end. The commission largely followed the dispatch proposed by the Federal Council and made only minimal material adjustments. It has become clear that the proposal is fundamentally uncontroversial in the …
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Press releases · Verrechnungssteuerreform · 16. August 2022
Withholding tax reform: SwissHoldings launches voting campaign
This is an automated translation, which is why errors may occur. At its media conference in Zurich today, SwissHoldings presented its voting campaign “Yes to updating the withholding tax”. The launch is marked by a mega poster on Zurich’s Hardbrücke, the largest billboard in Switzerland, on which the campaign sujet is presented. With its involvement …
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Accounting and Financial Reporting · Eingaben / Positionen · Themenbereich Wirtschaft · 29. July 2022
Comment letter – Exposure Draft on IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
Short position Our federation strongly supports the initiative undertaken by the ISSB to establish international sustainability disclosure standards. In particular, the chosen approach of the draft proposal building upon existing frameworks and addressing their current fragmentation is in our view effective to aid consistency and comparability of information, as well as increase the quality of …
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Accounting and Financial Reporting · Eingaben / Positionen · 29. July 2022
Comment letter – Exposure Draft on IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
Short position Our federation strongly supports the initiative undertaken by the ISSB to establish international sustainability disclosure standards. In particular, the chosen approach of the draft proposal building upon existing frameworks and addressing their current fragmentation is in our view effective to aid consistency and comparability of information, as well as increase the quality of …
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Company Law · Statements & Positions · 7. July 2022
Consultation on the approval of the Hague Convention – Statement by SwissHoldings
SwissHoldings welcomes the approval of the Convention. Within its scope of application, it creates legal certainty and ensures that decisions of agreed state courts are treated in the same way as those of arbitral tribunals. We are in favor of Switzerland not making any reservations or declarations to the Convention. Otherwise, these would again restrict …
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