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

©Keystone/SDA

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