The Swiss Federal Council was informed about the recommendation on a reform of withholding tax from the advisory board for the future of the Swiss financial centre.
In order to strengthen the Swiss capital market by means of reform, there are three basic options proposed:
The advisory board for the future of the Swiss financial centre unanimously recommends a swift reform that differentiates the withholding tax on bonds and money market paper, thereby freeing domestic institutional investors and foreign investors. The withholding tax should be designed as a paying agent tax and applied to all resident individuals in Switzerland. This tax should be designed to minimize the administrative and liability risks for financial institutions.
Source: The Swiss Federal Council
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):