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Switzerland Welcomes Foreign Investment and Accords It National Treatment
Executive Summary Switzerland welcomes foreign investment and accords it national treatment. Foreign investment is not hampered by significant barriers. The Swiss Federal Government adopts a relaxed attitude of benevolent noninterference towards foreign investment, allowing the 26 cantons to set major policy, and confining itself to creating and maintaining general conditions favorable to both Swiss and foreign investors. Such factors include economic and political stability, a transparent legal system, reliable and extensive infrastructure, efficient capital markets and excellent quality of life in general. Many US firms base their European or regional headquarters in Switzerland, drawn to the country's low corporate tax rates, exceptional infrastructure, and productive and multilingual work force. Switzerland was ranked as the world's most competitive economy according to the World Economic Forum's Global Competitiveness Report in 2013. The high ranking reflects the country’s sound institutional environment, excellent infrastructure, efficient markets and high levels of technological innovation. Switzerland has a developed infrastructure for scientific research; companies spend generously on R&D; intellectual property protection is generally strong; and the country’s public institutions are transparent and stable. Many of Switzerland's cantons make significant use of fiscal incentives to attract investment to their jurisdictions. Some of the more aggressive cantons have occasionally waived taxes for new firms for up to ten years but this practice has been criticized by the European Union, which has requested the abolition of these practices. Individual income tax rates vary widely across the 26 cantons. Corporate taxes vary depending upon the many different tax incentives. Zurich, which is sometimes used as a reference point for corporate location tax calculations, has a rate of around 25%, which includes municipal, cantonal, and federal tax. -
Rapport De Gestion 2019/2020 7,9
2019 | 2020 | 2019 Rapport de gestion Geschäftsbericht | Rapport de gestion 2019 | 2020 Geschäftsbericht 2019 | 2020 | 2019 Sommaire 4 Avant-propos 5 Engagement politique 12 Service d'information 19 Événements 23 Prix LITRA 25 Organes de l'association 29 Secrétariat 33 Finances Avant-propos Berne, 26 | 07 | 2020 Après une année 2019 fructueuse pour les TP, nous venons tous de vivre des mois particuliers. La crise du coronavirus a eu un impact massif sur les transports publics. Au cours de sa session spéciale début mai 2020, le Parlement a été actif et a envoyé une motion demandant au Conseil fédéral, en collaboration avec les cantons et les entreprises de transport, de préparer un projet de loi sur la manière de compenser les pertes de recettes induites par le recul massif de la demande. Le Conseil fédéral a agi rapidement et il a élaboré une proposition sur la compensation des pertes de recettes estimées d'un volume de 800 millions de francs. La proposition a été soumise à consultation. Le secteur des TP fait face à des défis majeurs : nous devons à nouveau convaincre la population de prendre les transports en commun, rétablir la confiance, et prouver qu'ils ne représentent pas un risque, mais bien plutôt une partie de la solution d'une mobilité fiable, efficace et écologique. J'ai été très impressionné par la façon dont les membres de la LITRA et leurs collaborateurs ont géré la crise du coronavirus jusqu'à présent ainsi que par l'engagement exceptionnel dont ils ont fait preuve. Une fois de plus, les personnels ont démontré que les trains, les bus, les bateaux et les remontées mécaniques constituent la colonne vertébrale de notre société mobile. -
RUAG Ammotec Leading Ammunition Technology
RUAG Ammotec Leading Ammunition Technology RUAG Ammotec 1 One target, one round, one choice. RUAG Ammotec. RUAG Ammotec stands for a most sophisticated ammunition technology. Our professionals develop and manufacture high-performance, small-calibre standard and special ammunition for Hunting & Sports and Defence & Law Enforcement, as well as pyrotechnical elements and components for industry in general. On the basis of our value system which is based on high performance, visionary thinking and collaboration, our enterprise ensures that you can fully rely on RUAG Ammotec and its products in any situation. The mutual trust and satisfaction of our customers are the result of a precision job, high quality standards and last but not least a personal, honest relationship. More than 2,200 dedicated employees and 180 sales partners see to it that we are ready on the spot to satisfy your individual requirements. Together with you we work out solutions which meet future demands. We look forward with confidence, are flexible and ready to take new, even unusual approaches. You aim at a target and we offer you the right ammunition to reach it. In the interest of your success we hope to be your first choice. We want you to assess us against the fulfilment of this daily promise and intend to achieve success together with you, our customer, partner or fellow worker. Welcome to RUAG Ammotec. Christoph M. Eisenhardt CEO RUAG Ammotec RUAG Ammotec 3 Who we are About RUAG Ammotec Based upon a 150-year heritage of quality and innovation, RUAG Ammotec has become a trusted technology leader and strategic partner in the global ammunition industry. -
Annual Report 2009 on the Activity of the Swiss Federal Audit Office
EIDGENÖSSISCHE FINANZKONTROLLE CONTRÔLE FÉDÉRAL DES FINANCES CONTROLLO FEDERALE DELLE FINANZE SWISS FEDERAL AUDIT OFFICE Annual Report 2009 on the Activity of the Swiss Federal Audit Office Editorial The Swiss Federal Audit Office, a politically out its duties in a highly dedicated and profes - neutral specialist authority, is the supreme sional manner. The deficiencies listed in this financial supervisory body of the Confederation. report are not intended to call this opinion into Its aim is to advocate proper and lawful finan - question. I would like to take this opportunity to cial conduct by the Administration. In an age thank the Finance Delegation and the Federal of results-oriented public management, it is Council, which understand the role of the Swiss increasingly committed to improving the effective- Federal Audit Office as an independent, critical ness of government activity via comprehensive audit authority. I would also like to express my audits and analyses. The Swiss Federal Audit gratitude to the numerous employees in the Office seeks to locate deficiencies and weak - audited offices who readily supported the work nesses by taking a critical view, and not only to of the Swiss Federal Audit Office in the interests achieve temporary improvements but also to of the cause at hand. Finally, I would like to fundamentally optimize government actions thank the employees of the Swiss Federal Audit thanks to professional advocacy. Consequently, Office, who go about their demanding work with the Swiss Federal Audit Office focuses on dedication and motivation in the interests of dialogue with those audited in order to ensure taxpayers. its recommendations are willingly accepted. -
RUAG Completes Acquisition of Cyber Security Company Clearswift
Page 1 / 2 Media release RUAG completes acquisition of cyber security company Clearswift Bern (Switzerland), Theale (UK), 23 January 2017. RUAG Defence has successfully completed the acquisition of the British cyber security company Clearswift announced in December 2016. This acquisition enables RUAG to enhance key aspects of its current product and service portfolio in the area of cyber security. The acquisition of Clearswift increases the number of employees at RUAG’s new Cyber Security business unit, established at the beginning of 2017, to over 230 cyber security experts at locations in Switzerland, the UK, Germany, the USA, Australia and Japan. Clearswift is a global cyber security company with a product portfolio in the areas of data loss prevention and deep content inspection, with more than 2,300 customers in over 70 countries. In 2016 it generated sales exceeding GBP 23 million. “Clearswift’s products for the protection of critical data are the perfect complement to RUAG’s network expertise. Clearswift also has a strong research and development department, a global service organisation and established international sales channels”, says Urs Breitmeier, CEO of RUAG. In turn, the merger provides Clearswift with access to RUAG’s customer base, local and national authorities, the military and operators of critical infrastructures. “With the new Cyber Security business unit we want to position ourselves as a provider of high-quality specialist solutions and services for the customers worldwide in various sectors”, Urs Breitmeier adds. The headquarters of the Cyber Security business unit are in Switzerland. The UK site will be the centre of excellence for software business in the combined cyber security business, and the “Clearswift” brand will be retained. -
Annual Report 2018 Eidgenössische Finanzkontrolle Contrôle Fédéral Des Finances Controllo Federale Delle Finanze Swiss Federal Audit Office
EIDGENÖSSISCHE FINANZKONTROLLE CONTRÔLE FÉDÉRAL DES FINANCES CONTROLLO FEDERALE DELLE FINANZE SWISS FEDERAL AUDIT OFFICE 2018 ANNUAL REPORT BERN | MAY 2019 SWISS FEDERAL AUDIT OFFICE Monbijoustrasse 45 3003 Bern – Switzerland T. +41 58 463 11 11 F. +41 58 453 11 00 [email protected] twitter @EFK_CDF_SFAO WWW.SFAO.ADMIN.CH DIRECTOR’S FOREWORD FROM WHISTLEBLOWING TO PARTICIPATORY AUDITING In 2008, federal employees were not form www.whistleblowing.admin.ch. It is legally required to report the felonies now the IT system that ensures the an- they encountered to the courts. The onymous processing of reports. These experts of GRECO, a Council of Europe reports come from federal employees, anti-corruption body, pointed out this but also from third parties who have wit- shortcoming at that time in their evalu- nessed irregularities. ation report on Switzerland. For the SFAO, processing this infor- To remedy this shortcoming, the Federal mation is not simple. It is necessary to Office of Justice, in close cooperation sift through the information and critic- with the Federal Office of Personnel and ally verify onsite whether it is plausible. the Swiss Federal Audit Office (SFAO), Some reports may actually be intended introduced on 1 January 2011 the new to harm someone. It is then necessary Article 22a of the Federal Personnel to identify the appropriate time to initiate Act and the obligation to report felonies possible criminal proceedings and avoid and misdemeanours prosecuted ex of- obstructing them by alerting the perpe- ficio. This is when whistleblowing was trators of an offence. In any case, noth- launched at the federal administrative ing that could put the whistleblower in level. -
Moh Refutes Reports of Fake COVID Test Results
MUHARRAM 18, 1442 AH SUNDAY, SEPTEMBER 6, 2020 16 Pages Max 45º Min 28º 150 Fils Established 1961 ISSUE NO: 18223 The First Daily in the Arabian Gulf www.kuwaittimes.net Hopes of miracle fade in Glove makers struggle to Elephant at Pakistan zoo Messi to remain at Barca 6 search for blast survivor 8 keep pace with demand 12 prepared for new home 15 but future still in doubt MoH refutes reports of fake COVID test results MoI warns against spreading rumors • Kuwait reports 3 deaths, 720 new cases KUWAIT: The health ministry has categorically result could be sent to the phone number of more works,” the ministry tweeted. 127 in Farwaniya and 117 in Jahra. Earlier, the min- denied that it sent text messages containing results than one person associated with the ID card num- Kuwait yesterday recorded 720 confirmed istry said 486 people recovered from the virus, of coronavirus (COVID-19) tests without conduct- ber of the person in question, the ministry coronavirus infections in the past 24 hours, raising taking the total number of those who have over- ing the tests actually on persons. Reports circulat- explained. the tally to 88,963 cases, with three deaths raising come the disease to 79,903. Sanad said 91 patients ing on social media networks in this regard are The interior ministry again urged people to help the death toll to 540, a health ministry official said are currently in intensive care out of a total 8,520 totally untrue, the ministry said in a press release fight the spread of rumors about COVID-19. -
Security & Defence European
a 7.90 D 14974 E D European & Security ES & Defence 10/2019 International Security and Defence Journal ISSN 1617-7983 • US Army Priorities • The US and NATO • European Combat Helicopter Acquisition • EU Defence Cooperation • Surface-to-Air Missile Developments www.euro-sd.com • • New Risks of Digitised Wars • Italy's Fleet Renewal Programme • Light Tactical Vehicles • UGVs for Combat Support • Defence Procurement in Denmark • Taiwan's Defence Market • Manned-Unmanned Teaming • European Mortar Industry October 2019 Politics · Armed Forces · Procurement · Technology LIFETIME EXCELLENCE At MTU Aero Engines, we always have your goals in mind. As a reliable partner for military engines, our expertise covers the entire engine lifecycle. And our tailored services guarantee the success of your missions. All systems go! www.mtu.de Militaer_E_210x297_European_Security_Defence_20191001_01.indd 1 17.09.19 08:06 Editorial Juncker’s Heritage The end of October marks the conclusion of the term of office of Jean-Claude Juncker as President of the European Commission. His legacy to his successor Ursula von der Leyen is largely a heap of dust and ashes. Five years ago he came to power with a fanfare for the future. The European Union was to be given a new burst of vitality, become closer to its citizens, at last put an end to its constant preoccupation with itself, and work towards solving the real problems of our times. None of these good intentions have been transformed into reality, not even notionally. Instead, the situation has become worse – a whole lot worse. This is due not least to the fact that the United Kingdom is on the verge of leaving the Euro- pean Union. -
TRU Alm.Del - Bilag 157 Offentligt
Transportudvalget 2019-20 TRU Alm.del - Bilag 157 Offentligt Rådet for Bæredygtig Trafik Schweiz 15. – 21. september 2019 Studierejserapport København december, 2019 1 Indhold Om denne rapport ............................................................................................................................................ 4 Studierejsens program ...................................................................................................................................... 5 Vores værter på studierejsen til Schweiz ......................................................................................................... 6 Hvordan er det kollektive transportsystem opbygget i Schweiz?................................................................... 6 Kollektiv trafik i Schweiz: Signalement af en succeshistorie med faktuelle oplysninger ............................... 7 Et folk af pendlere med den kollektive trafik i en nøglerolle .......................................................................... 9 Gode rabatordninger .................................................................................................................................. 10 Schweizernes transportadfærd .................................................................................................................. 10 Mere gods på skinner, færre lastbiler ............................................................................................................ 11 Højere føderalt bidrag til den regionale trafik .............................................................................................. -
Downloadables/FACTS FIGURES 05 E.PDF
- 46 - REFERENCES Da Costa, Mercedes and V. Hugo Juan-Ramon, 2006: “The New Worth Approach to Fiscal Analysis: Dynamics and Rules”, IMF Working Paper/06/17. Kamps, Christophe, 2004: “New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960–2001” IMF Working Paper No. 67, Washington, D.C. International Monetary Fund, 2005a: “Intertemporal Policy Consistency in Switzerland: Is the Current Social Insurance Sustainable?”, chapter I in “Switzerland: Selected Issues”, IMF Country Report no. 05/188, p. 3–39. ________, 2005b: “The Need for Health Care Reform”, chapter II in “Switzerland: Selected Issues”, IMF Country Report no. 05/188, p. 40-47. ________, 2005c: “Switzerland: 2005 Article IV Consultation – Staff Report”, IMF Country Report no. 05/190. ________, 2005d: “Using the GFSM Statistical Framework to Strengthen Fiscal Analysis in the Fund”, www.imf.org. ________, 2006a: “A Preliminary Public Sector Balance Sheet for Germany”, chapter III in “Germany: Selected Issues”, IMF Country Report no. 06/17, p. 35–44. ________, 2006b: “Germany: 2005 Article IV Consultation – Staff Report”, IMF Country Report no. 06/17. Swiss National Bank, 2005a: “Swiss Financial Accounts. Stocks of financial assets and liabilities 1999-2003”. ________, 2005b: “Banks in Switzerland”. ________, 2004: “Annual Report”. Ruag: http://www.ruag.com/ruag/binary?media=118138&open=true SBB: 2005 balance sheet: http://212.254.205.12/geschaeftsbericht/pdf/F_Bilanz_e.pdf Skyguide: http://www.skyguide.ch/en/MediaRelations/Publications/downloadables/FACTS_FIGURES _05_E.PDF Swiss medic: http://www.swissmedic.ch/files/pdf/swissmedic_GB_2004.pdf ©International Monetary Fund. Not for Redistribution - 47 - III. A COMPARISON OF THE SWISS, DUTCH, AND U.K. -
Financial Report 2020 About This Financial Report
Powering a modern Switzerland Financial Report 2020 About this Financial Report Forward-looking statements This report contains forward-looking statements. They are based on current management estimates and projections, and on the information currently available to management. Forward-looking statements are not intended as guarantees of future performance and results, which remain dependent on many different factors; they are subject to a variety of risks and uncertainties, and are based on assumptions that may not prove accurate. True-to-scale representation of figures in charts Charts are shown to scale to present a true and fair view. 20 mm is equivalent to one billion francs. Percentages in charts are standardized as follows: Horizontal: 75 mm is equivalent to 100 percent. Vertical: 40 mm is equivalent to 100 percent. Key for charts and tables Current year Previous year Positive effect on result Negative effect on result Plan or goal If the figures shown are not comparable with the more recent figures (e.g. due to a change in method or change in the scope of consolidation), this is shown as follows: Non-comparable prior-year figure Non-comparable difference with positive effect on result Non-comparable difference with negative effect on result Powering a modern Switzerland Customer-centric, trustworthy, committed 7,054 million 178 million francs in operating income, down by francs in Group profit, down 1.6 percent year-on-year. 77 million francs year-on-year. 1,706 million 191 million With a fall of 5.6 percent, the volume of Thanks to booming online retail, addressed letters posted in Switzerland and PostLogistics delivered 23 percent delivered by PostMail declined again in 2020. -
The Race Is on Swissquote N°3 July
N°3 JULY 2019 WWW.SWISSQUOTE.COM CHF 9.- WWW.SWISSQUOTE.COM FINANCE AND TECHNOLOGY UNPACKED PORTRAIT Stadler picks up speed LIVESTREAMERS Vying for clicks SAUDI ARAMCO Revving up for the IPO DOSSIER THE5G RACE 5G: THE RACE IS ON IS ON Novel applications Companies to watch Interview: Olaf Swantee, CEO of Sunrise ATC BROADCOM CELLNEX ERICSSON NOKIA QORVO QUALCOMM SWISSQUOTE N°3 JULY 2019 SWISSQUOTE N°3 JULY EDITORIAL SWISSQUOTE JULY 2019 Candidate for the position of 5G: tensions are high Chief Performance Officer. The new Cayenne Coupé. Shaped by Performance. Win an alpine test drive: www.cayenne-coupe.ch By Marc Bürki, CEO of Swissquote hey say that whoever mas- with operators, are selling a dream. ters data masters the world. Virtual reality, connected objects, au- This is extremely relevant tonomous cars... So many applications p. 40 p. 45 Tto the trade war raging between are finally made possible via this new Washington and Beijing these past ultra-fast, reactive mobile network. In few months. At the centre of this practice, these usages will very likely battle is a Chinese company: Huawei, become widespread, but only in two accused of espionage by the Trump or three years, when the coverage and government and now blacklisted power of the network is in full force. by several US companies, includ- Currently, average consumers can ing Google. One may wonder who already enjoy speeds that are said to benefits from the situation, given be up to 10 times faster than 4G. But that Huawei, according to independ- there still needs to be a use for it.