The pandemic has hit last year’s tax revenue. The latest 2020 numbers from the Confederation show total revenue was just under CHF 54bn – almost down CHF 4bn on the previous year.
VAT income was also down by CHF 400m.
But federal income tax was up on 2019 – mainly down to the fact it’s calculated on the previous year’s activity.
Bank details compromised
British digital bank Revolut has admitted handing customer information to fraudsters who impersonated a European government agency
Watch theft victim speaks out
A luxury watch dealer just across the French border from Geneva has broken his silence about a violent robbery earlier this month
Crans Montana hearings due before end of year
Jessica Moretti, who ran the Constellation bar in Crans-Montana, is now living in near-isolation in the Valais village of Lens more than eight months after the deadly New Year's Eve fire
Better news for economy
Switzerland's economy will grow 1.7% this year — nearly double the 0.9% expansion forecast in June, the State Secretariat for Economic Affairs said yesterday
Geneva budget plan unveiled
Geneva has now put figures to its austerity plan — a CHF 546 million deficit for 2027, even after CHF 247 million in cuts
Summer fires increase
Firefighters across French-speaking Switzerland tackled far more vegetation fires this summer than in any of the past five years
