What are the obligations of a financial intermediary in assessing the tax residency of a client, particularly an individual who is taxed on an expenditure basis and has just moved from Italy? At first glance, this might seem an easy question to answer, since this is an individual who is certainly known to Swiss tax… Continue reading The Swiss banks’ determination of the tax residence of clients
Author: admin-gisev
The valuation of unlisted securities
Federal Court Judgment No. 2C_953/2019, April 14, 2020. Valuation of unlisted securities for wealth tax purposes (Art. 14 para. 1 LAID). Circular No. 28 of the Swiss Tax Conference pursues the goal of horizontal tax harmonization, thus concretizing Art. 14 para. 1 LAID and is recognized by consistent case law as an appropriate and reliable… Continue reading The valuation of unlisted securities
Dealing with the aftermath
financial markets and the real economy suffered a significant collapse with the outbreak of the pandemic. On the one hand, stock exchanges in a few days lost more than 30 percent of their value, at the same time, the real economy declined by more than 30 percent from the previous quarter; the world GDP for… Continue reading Dealing with the aftermath