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26572235 - investment adviser giving a presentation to a friendly smiling young couple seated at her desk in the office

Global minimum corporate tax of 15% backed by 130 countries

Facts at a glance OECD plans for a global minimum tax backed by 130 countries, representing 90 % of global GDP 15% rule must not introduced by any country but will give other countries ability for a surcharge (for the…

Financial Action Task Force (FATF) puts Malta on “grey list”

The Financial Action Task Force (FATF) puts Malta on its grey list for ongoing sloppy anti-money-laundering procedures and other shortcomings. FATF is the global money laundering and terrorist financing watchdog (found on FATF’s website). As a inter-governmental body, FATF sets…

EU Urges Switzerland To Secure Tax Reform’s Passage

The European Council has called for the swift enactment of Switzerland’s proposed corporate tax reform package. The recommendation was one of a number of conclusions adopted by the Council regarding the EU’s relations with the Swiss Confederation. The Council said…

Switzerland, UK Agree On Post-Brexit Trade Relationship

The UK and Switzerland have signed a trade continuity agreement that will serve as a basis for their trading relationship after Brexit. The agreement was signed in Bern on February 11, 2019. The Swiss Federal Council explained that the agreement…

Upcoming German Tax Law Changes Relevant To Real Estate Investments

On 1 August 2018, the German Ministry of Finance published the amended draft bill of the Annual Tax Act 2018 which will be subject to further discussions in the parliament in the coming months. Furthermore, the States’ Ministers of Finance…

FinTech licence: FINMA publishes guidelines

From 2019, interested parties can apply for the new FinTech licence. The Swiss Financial Market Supervisory Authority FINMA is responsible for granting this licence. It has published guidelines aimed at simplifying the application process. To boost innovative financial companies, the…