The Swiss Times - Swiss News in English

The Council of States will Change the Taxation of High Gambling Winnings

The Swiss Ständerat has passed a motion proposed by Roberto Zanetti (SP/SO) which requires that lottery or gambling winnings of one million francs or more must be taxed in the canton where the winner was living at the time of the win. This is to close a loophole in the current tax harmonisation law, which states that the place of residence at the end of the year determines where the tax must be paid. Currently, only capital payments from pension funds, payments in the event of death, and payments for permanent physical or health impairments are exempt from this end-of-year principle. Zanetti argued that this loophole should be extended to include large lottery or gambling winnings, as these are now becoming increasingly common. The motion has been supported by the Federal Council, and will now go to the National Council.nnnnnnnnnnnnnnnnnnnnnnnnnn


Most Read

Barry Callebaut to Cut 2,500 Jobs

26 February 2024
Barry Callebaut
Barry Callebaut, the world's largest chocolate manufacturer, announces significant job cuts as part of its "BC Next Level" savings plan.

Swiss Electricity Prices to Dip Slightly in 2025, Uvek Reports

29 February 2024
Swiss electricity prices
Swiss Electricity Prices expected to decrease in 2025 as DETEC reduces the capital cost rate for electricity grid investments.

Kuehne+Nagel Stabilise in 2023: Plans For Expansion

1 March 2024
Kuehne+Nagel Future
Kuehne+Nagel normalise growth after corona, despite a downturn, the firm aims for strategic growth and stability.

Swiss Competition Commission: Investigate UBS Now

1 March 2024
Swiss Competition Commission
Swiss Competition Commission seeks an in-depth investigation into UBS after the CS merger, highlighting possible market dominance issues.

Stay in Touch!


Flixbus Total Sales Over Two Billion Euros For the First Time
29 February 2024
Zambon Group
Zambon Group: Exclusive Licensing Deal for IPX203 in Europe
29 February 2024