Billionaire Urs E. Schwarzenbach settles Zurich tax debts
Published: Tuesday, Jul 16th 2024, 15:20
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Billionaire Urs E. Schwarzenbach has settled his tax debts with the canton of Zurich. All proceedings have been concluded, according to a statement from the Schwarzenbach Family Office.
A spokesperson for the Zurich Finance Directorate confirmed to the Keystone-SDA news agency on Tuesday that the outstanding tax matters had been clarified.
The canton of Zurich is therefore likely to receive a three-digit million sum. Art collector Schwarzenbach, who owns the Dolder Grand luxury hotel in Zurich among other properties, unsuccessfully appealed to the Federal Supreme Court against back payments of more than 200 million francs.
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