Federal Department of Finance

Type: Organization
Name: Federal Department of Finance
First reported Apr 16 2014 - Updated Apr 16 2014 - 2 reports

FDF Federal Department of Finance of Swiss C : Federal consolidated financial statements for 2013 – financial situation remains good

- At its meeting today, the Federal Council approved the consolidated financial statements for 2013. Overall, the financial situation of the central and decentralized units of the Confederation is encouraging, with a surplus of CHF 1 billion generated ... [Published 4 Traders - Apr 16 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

Free trade not cost free as tariff revenues disappear

Data prepared by the Australia Institute and the Federal Department of Finance show that new free trade agreements struck by Prime Minister Tony Abbott with Asian nations will have some negative side-effects. While boosting exports and creating jobs, ... [Published Individual.com - Apr 14 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

IRS, DOJ Not Alone In Seeking U.S. Taxpayers With Foreign Accounts: US...

Kevin Thorn, Managing Partner of Thorn Law Group, comments on the recent trend of CPAs, enrolled agents and foreign attorneys seeking to represent US taxpayers with undisclosed foreign accounts before the IRS and DOJ. Thorn cautions this may not result ... [Published PRWeb - Apr 14 2014]
First reported Apr 03 2014 - Updated Apr 03 2014 - 1 reports

Swiss deriv proposals to hit pension funds

Under the draft, pension funds are classified as financial counterparties and are therefore subject to the regulation. Such funds are also already subject to the country’s Federal Act on Occupational Benefit Plans and the Federal Ordinance on Occupational ... [Published GlobalCapital - Apr 03 2014]
First reported Mar 26 2014 - Updated Mar 26 2014 - 1 reports

FDF Federal Department of Finance of Swiss C : Background report on commodities: Implementation of recommendations on track

This progress report, which was approved today, provides an overview of the current status for each of the 17 recommendations, including the objectives and intermediary stages achieved since publication in March 2013 of the background report on commodities. ... [Published 4 Traders - Mar 26 2014]
First reported Mar 18 2014 - Updated Mar 18 2014 - 1 reports

FDF Federal Department of Finance of Swiss C : Switzerland signs two more tax information exchange agreements

Both agreements have to be approved by parliament before they can enter into force. They are also subject to an optional referendum. During the hearing procedure which followed the completion of negotiations, the cantons and the business associations ... [Published 4 Traders - Mar 18 2014]
First reported Mar 17 2014 - Updated Mar 17 2014 - 1 reports

Local MP seeking nomination for re-election

Edmonton-Mill Woods-Beaumont MP Mike Lake is not at all daunted by the prospect of serving a larger riding.After all, he fondly remembers being driven around the region as a youth hauling around a bag of sports equipment from town to town.“Growing up ... [Published Beaumont News - Mar 17 2014]
First reported Feb 04 2014 - Updated Feb 04 2014 - 1 reports

106 Swiss Banks Enter IRS Voluntary Disclosure Program

Kevin Thorn of the Thorn Law Group discusses the recent disclosure that over 106 Swiss banks have entered the DOJ and IRS Voluntary Disclosure Program for Banks in exchange for non-prosecution deals, and are now willing to identify taxpayers with undisclosed ... [Published PRWeb - Feb 04 2014]
First reported Dec 26 2013 - Updated Dec 26 2013 - 1 reports

Tax-News.com: Economiesuisse Supports Corporate Tax Reform Thrust

Swiss business federation Economiesuisse has welcomed work undertaken by the Confederation and cantons on plans to reform corporation tax in Switzerland (Unternehmenssteuerreform III), underlining its full support for the recommended measures put forward ... [Published Tax-News.com - Dec 26 2013]
First reported Dec 23 2013 - Updated Dec 23 2013 - 1 reports

Tax-News.com: Switzerland Consults On Financial Market Infrastructure Act

The Swiss Federal Council has launched a consultation on the Financial Market Infrastructure Act (FMIA).The FMIA governs the organization and operation of financial market infrastructure. The provisions that are currently dispersed in various federal ... [Published Tax-News.com - Dec 23 2013]
First reported Dec 17 2013 - Updated Dec 17 2013 - 1 reports

Tax-News.com: US Warns Swiss Banks Of Impending Cooperation Deadline

The Tax Division of the United States Department of Justice (DOJ), in a release on December 12, strongly encouraged Swiss banks, which want to participate in the program for non-prosecution agreements or non-target letters to resolve past "cross-border ... [Published Tax-News.com - Dec 17 2013]
Entities: Deadline, Bank, Criminal
First reported Dec 10 2013 - Updated Dec 10 2013 - 1 reports

Tax-News.com: Swiss Tax Burden To Remain 'Stable' In 2014

The Swiss Federal Department of Finance has published its tax exploitation index for 2014, revealing that the average tax burden in Switzerland will remain "stable" in 2014, compared to 2013. On average, 26.7 percent of the "resource potential" of the ... [Published Tax-News.com - Dec 10 2013]

Quotes

Commenting, the SwissSwiss Federal Department of Finance (FDF) explained that: "The stock exchange regulations are largely the same as those already contained in the Stock Exchange Act. In particular, the existing principle of self-regulation, which has proved its worth in this area, will be maintained."
...relating to their offshore banking activities that will not be available after the deadline," said Assistant Attorney General Kathryn Keneally. "Banks that facilitated US tax evasion but do not come forward by the December 31 deadline bear significant risks that information provided by others may cause the bank to be targeted and prosecuted."
Markus A Frey, chairman of the BoardBoard of Directors, explained: "As a result of developments in recent years, circumstances and challenges have presented themselves, especially in Switzerland, that means it no longer makes sense for a small bank to continue its cross-border services. Bank Frey will therefore cease its operative business activities as a bank." A agreement between Switzerland and the US is to enter into force from July 1, 2014...

More Content

All (19) | News (17) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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FDF Federal Department of Finance of Swiss C : ... [Published 4 Traders - Apr 16 2014]
FDF Federal Department of Finance of Swiss C : ... [Published 4 Traders - Apr 16 2014]
Free trade not cost free as tariff revenues dis... [Published Individual.com - Apr 14 2014]
IRS, DOJ Not Alone In Seeking U.S. Taxpayers Wi... [Published PRWeb - Apr 14 2014]
Swiss deriv proposals to hit pension funds [Published GlobalCapital - Apr 03 2014]
FDF Federal Department of Finance of Swiss C : ... [Published 4 Traders - Mar 26 2014]
FDF Federal Department of Finance of Swiss C : ... [Published 4 Traders - Mar 18 2014]
Local MP seeking nomination for re-election [Published Beaumont News - Mar 17 2014]
106 Swiss Banks Enter IRS Voluntary Disclosure ... [Published PRWeb - Feb 04 2014]
Tax-News.com: Economiesuisse Supports Corporate... [Published Tax-News.com - Dec 26 2013]
Tax-News.com: Switzerland Consults On Financial... [Published Tax-News.com - Dec 23 2013]
Tax-News.com: US Warns Swiss Banks Of Impending... [Published Tax-News.com - Dec 17 2013]
Tax-News.com: Swiss Tax Burden To Remain 'Stabl... [Published Tax-News.com - Dec 10 2013]
Tax-News.com: Swiss Bank Blames DoJ Tax Investi... [Published Tax-News.com - Oct 21 2013]
Tax-News.com: Switzerland Consults On Energy 'T... [Published Tax-News.com - Sep 09 2013]
Switzerland Makes a Very Positive Assessment of... [Published PRWeb - Jul 26 2013]
Tax-News.com: France, Switzerland Ink New Inher... [Published Tax-News.com - Jul 15 2013]
Fact Sheet for Swiss Federal Banking Commission [Published Able2Act - May 21 2008]
Fact Sheet for Swiss Federal Banking Commission [Published Able2Act - Apr 10 2008]
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