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Swiss Note G-7 Tax Plan, Want to Stay Attractive for Business

(Bloomberg) Switzerland said the country was committed to remaining an attractive business hub in light of a landmark deal by the Group of Seven rich nations that could help countries collect more taxes from big companies. “Switzerland has taken note of this expected declaration of intent by the G7,” the State Secretariat for International Finance said in an email. “For Switzerland, the focus is on the overall package of competitive framework conditions for its own location. Either way, Switzerland will take the necessary measures to continue to be a highly attractive business location.” As a low-tax country home to multinational companies like Nestle SA, Glencore Plc and Novartis AG, the G-7 proposal could prove a game-changer for its economy. The G-7 pact marks a step to re-write a global system that critics said allowed big companies to save billions of dollars in tax bills by shifting jurisdictions. It’s also designed to help address complaints that major digital compan ....

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India, Switzerland for coordinated action on clean, resilient post-COVID world

India, Switzerland for coordinated action on clean, resilient post-COVID world
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Last Updated: May 11, 2021, 10:22 PM IST
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Both the countries shared views and perspective on their respective countries and global economic scenario. Both sides emphasised the importance of coordinated bilateral action on clean and resilient post-COVID world, a statement from the Finance Ministry said.
An Indian delegation led by Economic Affairs Secretary Ajay Seth during the meet said both the countries have several bilateral dialogue mechanisms in place.
India and Switzerland on Tuesday stressed the need for coordinated bilateral action on a clean and resilient post-COVID world. During the 4th India-Swiss Financial Dialogue held virtually, matters relating to G20, IMF and tax challenges arising from the digitilisation of the economy was discussed along with infrastructure financing. ....

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India Switzerland for coordinated action on clean resilient post COVID world

BW Businessworld
India, Switzerland for coordinated action on clean, resilient post-COVID world
During the 4th India-Swiss Financial Dialogue held virtually, matters relating to G20, IMF and tax challenges arising from the digitilisation of the economy was discussed along with infrastructure financing.
Photo Credit : Shutterstock
India and Switzerland on Tuesday stressed the need for coordinated bilateral action on a clean and resilient post-COVID world.
During the 4th India-Swiss Financial Dialogue held virtually, matters relating to G20, IMF and tax challenges arising from the digitilisation of the economy was discussed along with infrastructure financing.
An Indian delegation led by Economic Affairs Secretary Ajay Seth during the meet said both the countries have several bilateral dialogue mechanisms in place and this Financial Dialogue remains amongst the most important. ....

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4th India-Swiss financial dialogue held virtually

4th India-Swiss financial dialogue held virtually
ANI |
Updated: May 11, 2021 23:35 IST
New Delhi [India], May 11 (ANI): The fourth India-Swiss Financial Dialogue was held here today virtually through video conferencing.
Ajay Seth, Secretary Economic Affairs led the Indian delegation. The delegation from the Swiss side was led by Daniela Stoffel, State Secretary, State Secretariat for International Finance, Switzerland, said an official press release.
The Indian delegation included representatives from Department of Economic Affairs, Department of Revenue, Department of Financial Services and Ministry of External Affairs.
The dialogue, inter-alia, covered sharing of experiences by both countries for collaboration on various aspects including investments, International Financial Services Centre Authority (IFSCA), National Investment and Infrastructure Fund (NIIF), FinTech, sustainable finance and cross border financial s ....

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High-calibre network demands better framework conditions for green fintechs Startupticker.ch

Initiated by the State Secretariat for International Finance SIF, the Green Fintech Network includes experts from start-ups, corporates, investors, universities and support organisations. Today the group has launched its action plan containing 16 concrete proposals ranging from a fund of funds to an annual innovation challenge.
The Green Fintech Network, an informal group of experts from the green digital finance ecosystem, contributes to this ambition. Its goal is to identify areas to improve the framework conditions for green digital finance in Switzerland, to suggest concrete actions and to assist in implementing selected actions. CEOs of start-ups like Celsius Pro, Rep Risk or Yova are members as well as supporters – Gerrit Sindermann (F10), Mariana Christen Jakob (SEIF) – and experts from Übermorgen Ventures, EY, Swisscom and the Zurich University of Applied Sciences. ....

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