What are the obligations of a financial intermediary in assessing the tax residency of a client, particularly an individual who is taxed on an expenditure basis and has just moved from Italy? At first glance, this might seem an easy question to answer, since this is an individual who is certainly known to Swiss tax… Continue reading The Swiss banks’ determination of the tax residence of clients
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The valuation of unlisted securities
Federal Court Judgment No. 2C_953/2019, April 14, 2020. Valuation of unlisted securities for wealth tax purposes (Art. 14 para. 1 LAID). Circular No. 28 of the Swiss Tax Conference pursues the goal of horizontal tax harmonization, thus concretizing Art. 14 para. 1 LAID and is recognized by consistent case law as an appropriate and reliable… Continue reading The valuation of unlisted securities