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Taxing Wealth: Evidence from Switzerland
NBER WORKING PAPER SERIES TAXING WEALTH: EVIDENCE FROM SWITZERLAND Marius Brülhart Jonathan Gruber Matthias Krapf Kurt Schmidheiny Working Paper 22376 http://www.nber.org/papers/w22376 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 June 2016 We are grateful to Jonathan Petkun for excellent research assistance, to Etienne Lehmann, Jim Poterba and seminar participants at Bristol, Geneva, Kentucky, MIT and Yale for helpful comments, to the tax administration of the canton of Bern for allowing us to use their micro data for the purpose of this research, to Raphaël Parchet and Stephan Fahrländer for sharing valuable complementary data and to Nina Munoz-Schmid and Roger Amman of the Swiss Federal Tax Administration for useful information. Financial support from the Swiss National Science Foundation (Sinergia grant 147668) is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. At least one co-author has disclosed a financial relationship of potential relevance for this research. Further information is available online at http://www.nber.org/papers/w22376.ack NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2016 by Marius Brülhart, Jonathan Gruber, Matthias Krapf, and Kurt Schmidheiny. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Taxing Wealth: Evidence from Switzerland Marius Brülhart, Jonathan Gruber, Matthias Krapf, and Kurt Schmidheiny NBER Working Paper No. -
RURBANCE Project Territorial System Factsheet
RURBANCE Project Territorial System Factsheet Territorial System Identification data Name: Zurich Main urban center: Zurich Country: Switzerland State / Region: Canton of Zurich Map 1: A Zurich – Metropolitan Area Zurich (Zurich and greater surroundings) RURBANCE Project Territorial System Factsheet Pilot Area for Rurbance-Project Line Zurich (A) - Gottardo – Milano (B) (planned «Gottardo»-study) Rural and urban regions on the «Gottardo»-route: City of Zurich, Cantons of Zurich, Zug (City of Zug), Schwyz (only inner part of the Canton, City of Schwyz), Uri (capital Altdorf), Ticino (Cities of Bellinzona, Lugano, Mendrisio/Chiasso) and City of Milano RURBANCE Project Territorial System Factsheet Territorial System Reference data City of Zurich (end 2011) Population City of Zurich 390’000 Area (km2): 92 Density: 4’240 p / km2 Cantons of Zurich, Uri, Schwyz, Zug and Ticino (pilot study-area «Gottardo»; end 2011) Population Area Density Number of km2 p / km2 Municipalities Canton Schwyz SZ 148’000 908 151 30 Canton Ticino TI 337’000 2’812 119 147 Canton Uri UR 35’000 1’077 32 20 Canton Zug ZG 115’000 239 481 11 Canton Zurich ZH 1’392’000 1’729 805 171 Pilot study-area «Gottardo» Population pilot area 2’027’000 6’764 296 379 % of Switzerland 25.5% 16.38 % Switzerland 7’953’000 41’285 193 *2‘408 * 1.1.2013 Spoken languages ZH, UR, SZ, ZG German TI Italian RURBANCE Project Territorial System Factsheet Land use (% in the TS, as for the CORINE Land Cover level 2 data 2006, in km2) SZ TI UR ZG ZH pilot area CH Urban fabric (1.1) 41.55 137.70 11.89 -
Local and Regional Democracy in Switzerland
33 SESSION Report CG33(2017)14final 20 October 2017 Local and regional democracy in Switzerland Monitoring Committee Rapporteurs:1 Marc COOLS, Belgium (L, ILDG) Dorin CHIRTOACA, Republic of Moldova (R, EPP/CCE) Recommendation 407 (2017) .................................................................................................................2 Explanatory memorandum .....................................................................................................................5 Summary This particularly positive report is based on the second monitoring visit to Switzerland since the country ratified the European Charter of Local Self-Government in 2005. It shows that municipal self- government is particularly deeply rooted in Switzerland. All municipalities possess a wide range of powers and responsibilities and substantial rights of self-government. The financial situation of Swiss municipalities appears generally healthy, with a relatively low debt ratio. Direct-democracy procedures are highly developed at all levels of governance. Furthermore, the rapporteurs very much welcome the Swiss parliament’s decision to authorise the ratification of the Additional Protocol to the European Charter of Local Self-Government on the right to participate in the affairs of a local authority. The report draws attention to the need for improved direct involvement of municipalities, especially the large cities, in decision-making procedures and with regard to the question of the sustainability of resources in connection with the needs of municipalities to enable them to discharge their growing responsibilities. Finally, it highlights the importance of determining, through legislation, a framework and arrangements regarding financing for the city of Bern, taking due account of its specific situation. The Congress encourages the authorities to guarantee that the administrative bodies belonging to intermunicipal structures are made up of a minimum percentage of directly elected representatives so as to safeguard their democratic nature. -
Canton Ticino and the Italian Swiss Immigration to California
Swiss American Historical Society Review Volume 56 Number 1 Article 7 2020 Canton Ticino And The Italian Swiss Immigration To California Tony Quinn Follow this and additional works at: https://scholarsarchive.byu.edu/sahs_review Part of the European History Commons, and the European Languages and Societies Commons Recommended Citation Quinn, Tony (2020) "Canton Ticino And The Italian Swiss Immigration To California," Swiss American Historical Society Review: Vol. 56 : No. 1 , Article 7. Available at: https://scholarsarchive.byu.edu/sahs_review/vol56/iss1/7 This Article is brought to you for free and open access by BYU ScholarsArchive. It has been accepted for inclusion in Swiss American Historical Society Review by an authorized editor of BYU ScholarsArchive. For more information, please contact [email protected], [email protected]. Quinn: Canton Ticino And The Italian Swiss Immigration To California Canton Ticino and the Italian Swiss Immigration to California by Tony Quinn “The southernmost of Switzerland’s twenty-six cantons, the Ticino, may speak Italian, sing Italian, eat Italian, drink Italian and rival any Italian region in scenic beauty—but it isn’t Italy,” so writes author Paul Hofmann1 describing the one Swiss canton where Italian is the required language and the cultural tie is to Italy to the south, not to the rest of Switzerland to the north. Unlike the German and French speaking parts of Switzerland with an identity distinct from Germany and France, Italian Switzerland, which accounts for only five percent of the country, clings strongly to its Italian heritage. But at the same time, the Ticinese2 are fully Swiss, very proud of being part of Switzerland, and with an air of disapproval of Italy’s ever present government crises and its tie to the European Union and the Euro zone, neither of which Ticino has the slightest interest in joining. -
J. Safra Sarasin Investment Foundation (SAST) | Sustainable Real Estate Switzerland | 5 Introduction
J . Safra Sarasin Investment Foundation (SAST) «Sustainable Real Estate Switzerland» investment group Portfolio/sustainability report, 30 June 2019 Cover: RIVA property, Alemannengasse/Römergasse/Burgweg, Basel, canton of Basel Content Introduction 5 Staying ahead in sustainability development 5 Portfolio news 6 Sustainability becoming the new standard 7 Sustainability Approach 10 A holistic approach to sustainability 10 Sustainability analysis of real estate 11 Sustainability integral to the investment process 12 Sustainability Report 13 Portfolio benchmark analysis 13 Environmental management system 14 Sustainability measures 16 Portfolio 17 «Sustainable Real Estate Switzerland» portfolio 17 Introduction Introduction Staying ahead in sustainability development As its name suggests, sustainability is central to the «Sustainable Real Estate Switzerland» investment group of the J. Safra Sarasin Investment Foundation and is embedded in the group’s investment guidelines. This report ex- plains the sustainability approach and documents the development of the real estate portfolio in this regard. In ad- dition to portfolio news, the report also includes Bank J. Safra Sarasin's view of developments in international sus- tainability targets and forthcoming regulations relevant to real estate on mitigating climate change. Our sustaina- bility approach helps to anticipate and absorb these developments at an early stage. Overview Sustainability report as at 30 June 2019 The investment group can look back on numerous im- The following report is divided into four parts. portant events in the last six months. The first part summarises important news from the in- The successful fourth capital raising provided the invest- vestment group and provides an outlook to future sus- ment group with CHF 130 million of new capital aimed at tainability developments and regulatory efforts. -
Burgundian Notes
1915 EMPEROR CONSTANTINE IV 51 from the source, in which it was only stated that he deposed his brothers in order to secure the succession to his son. That Justinian was not crowned at this time follows from the existence of coins of Constantine alone, especially of the coin of his thirtieth year mentioned above, and the complete absence of coins of Con- stantine and Justinian, and from the letter of Justinian to the pope, which is dated 17 February 687, in the second year of his reign.49 From this last it follows that the association of Justinian, if it ever took place (as the assertion of Theophanes has been shown to be based upon a misunderstanding, there is no authority for Downloaded from it), was carried out not earlier than 18 February 685. E. W. BROOKS. Burgundian Notes http://ehr.oxfordjournals.org/ IV. THE SUPPOSED, ORIGIN OF BURGTJNDIA MINOR1 IT is not doubted that King Rodulf U of Burgundy obtained a considerable accession of territory at the expense of Suabia, but the date and the occasion of his aggrandizement are disputed. According to the classical historian of the medieval empire, Duke Burohard of Suabia, not long after he had defeated Rodulf at the battle of Winterthur in 919, made an alliance with him, gave him at University of Manitoba on June 8, 2015 his daughter Bertha to wife, and ceded to him, probably as her dowry, a part of southern Alamannia, namely, the Aargau as far as the Reuss.2 A similar statement has been made by most writers on the reign of King Henry the Saxon. -
It Happened in Central Switzerland
It happened in Central Switzerland Autor(en): [s.n.] Objekttyp: Article Zeitschrift: The Swiss observer : the journal of the Federation of Swiss Societies in the UK Band (Jahr): - (1965) Heft 1472 PDF erstellt am: 04.10.2021 Persistenter Link: http://doi.org/10.5169/seals-687498 Nutzungsbedingungen Die ETH-Bibliothek ist Anbieterin der digitalisierten Zeitschriften. Sie besitzt keine Urheberrechte an den Inhalten der Zeitschriften. Die Rechte liegen in der Regel bei den Herausgebern. Die auf der Plattform e-periodica veröffentlichten Dokumente stehen für nicht-kommerzielle Zwecke in Lehre und Forschung sowie für die private Nutzung frei zur Verfügung. Einzelne Dateien oder Ausdrucke aus diesem Angebot können zusammen mit diesen Nutzungsbedingungen und den korrekten Herkunftsbezeichnungen weitergegeben werden. Das Veröffentlichen von Bildern in Print- und Online-Publikationen ist nur mit vorheriger Genehmigung der Rechteinhaber erlaubt. Die systematische Speicherung von Teilen des elektronischen Angebots auf anderen Servern bedarf ebenfalls des schriftlichen Einverständnisses der Rechteinhaber. Haftungsausschluss Alle Angaben erfolgen ohne Gewähr für Vollständigkeit oder Richtigkeit. Es wird keine Haftung übernommen für Schäden durch die Verwendung von Informationen aus diesem Online-Angebot oder durch das Fehlen von Informationen. Dies gilt auch für Inhalte Dritter, die über dieses Angebot zugänglich sind. Ein Dienst der ETH-Bibliothek ETH Zürich, Rämistrasse 101, 8092 Zürich, Schweiz, www.library.ethz.ch http://www.e-periodica.ch 26th February 1965 THE SWISS OBSERVER 51373 IT HAPPENED IN CENTRAL SWITZERLAND URI of Zurich) on 23rd January 965. The parchment document with the signature of the greatest representative of the affairs of in the of The state Canton Uri are being Saxon Imperial House — he lived 712-973 — is preserved dealt with by modest a large amount very machinery; yet at Pfaeffikon where a simple ceremony was held to com- is the officials and of work done thanks to devotion of memorate the anniversary. -
Swiss Money Secrets
Swiss Money Secrets Robert E. Bauman JD Jamie Vrijhof-Droese Banyan Hill Publishing P.O. Box 8378 Delray Beach, FL 33482 Tel.: 866-584-4096 Email: http://banyanhill.com/contact-us Website: http://banyanhill.com ISBN: 978-0-578-40809-5 Copyright (c) 2018 Sovereign Offshore Services LLC. All international and domestic rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying and recording or by any information storage or retrieval system without the written permission of the publisher, Banyan Hill Publishing. Protected by U.S. copyright laws, 17 U.S.C. 101 et seq., 18 U.S.C. 2319; Violations punishable by up to five year’s imprisonment and/ or $250,000 in fines. Notice: this publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold and distributed with the understanding that the authors, publisher and seller are not engaged in rendering legal, accounting or other professional advice or services. If legal or other expert assistance is required, the services of a competent professional adviser should be sought. The information and recommendations contained in this brochure have been compiled from sources considered reliable. Employees, officers and directors of Banyan Hill do not receive fees or commissions for any recommendations of services or products in this publication. Investment and other recommendations carry inherent risks. As no investment recommendation can be guaranteed, Banyan Hill takes no responsibility for any loss or inconvenience if one chooses to accept them. -
The Swiss Tax System –– Main Features of the Swiss Tax System
The Swiss Tax System – Main features of the Swiss tax system The Swiss Tax System The Swiss Tax – Federal taxes – Cantonal and communal taxes 2019 edition Schweizerische Eidgenossenschaft Confédération suisse Confederazione Svizzera Confederaziun svizra 2019 Swiss Confederation Swiss Tax Conference Information Committee Federal Tax Administration FTA Issuer Swiss Tax Conference Information Committee Author Federal Tax Administration 3003 Bern Illustrations Barrigue Lausanne Print JP OPTIMUM SA 1110 Morges Unit price 1 – 10 units: CHF 9 11 – 100 units: CHF 7 101 units or more: CHF 5 Flat-rate price for schools: CHF 5 / unit ISSN 1664-8447 2nd edition 2019 Preface This brochure is suited primarily for foreign nationals interested in learning about the Swiss tax system. It gives an easy-to-under- stand overview of the taxes levied by the Confederation, cantons and communes. This brochure is issued by the Information Committee of the Swiss Tax Conference, which all cantonal tax administrations and the Fed- eral Tax Administration are part of. One of the Committee’s aims is to foster relations between tax administrations and taxpayers by providing all interested parties with tax-related information in an objective manner. This should help the general public to have a better understanding of tax issues. Swiss Tax Conference Information Committee The Chairman: Lino Ramelli Bellinzona, June 2019 1 Contents Main features of the Swiss tax system 1 General ................................................................................5 1.1 Development of the tax system ........................................5 1.2 Overview of the introduction and duration of the individual federal taxes, customs duties and contributions ......................................................................... 7 2 Who levies taxes in Switzerland? .....................................9 3 Basic principles of fiscal sovereignty ..............................12 3.1 Principle of equality before the law (art. -
Welcome to Your Success! Enjoy the Advantages of the Canton of Uri – a Natural Paradise
您的合作伙伴 Your partner 8 201 As our customer, you expect a fast, competent and authoritative response to your concerns, as well as excellent 8 月版 年 personal advice. We offer you all these – and the guarantees that our customers rightly expect. Our advice is free. 2016 We are happy to bring together partners from business, the community and politics. September Edition 经济促进BUSINESS DEVELOPMENT TAX税收 OFFICE MIGRATION移民 Stefan Büeler Christoph Müller Pius Imholz Patrik Zwyssig [email protected] [email protected] [email protected] [email protected] Tel. +41 41 875 24 08 Tel. +41 41 875 24 01 Tel. +41 41 875 21 33 Tel. +41 41 875 27 05 Fax +41 41 875 24 12 Fax +41 41 875 24 12 Fax +41 41 875 21 40 Fax +41 41 875 27 92 www.standort-uri.ch www.standort-uri.ch www.ur.ch/steuern www.ur.ch/migration BUSINESS企业和税务咨询 AND TAX ADVICE Contact data at www.standort-uri.ch or [email protected] BDO AG, Marktgasse 4, 6460 Altdorf, Switzerland, Tel. +41 41 874 70 70, www.bdo.ch Fact sheet on lump-sum taxation Convisa AG, Schiesshüttenweg 6, 6460 Altdorf, Switzerland, Tel. +41 41 872 00 30, www.convisa.ch for private individuals Mattig-Suter und Partner, Lehnplatz 9, Postfach 740, 6460 Altdorf, Switzerland, Tel. +41 41 875 64 00, www.mattig.ch 法律咨询 LEGAL ADVICE Welcome to your success! Enjoy the advantages of the Canton of Uri – a natural paradise. Urner Anwalts- und Notarenverband (Uri lawyer and notary association), Postfach, 6460 Altdorf, Switzerland Tel. -
Welcome to Success. Canton Uri – the Attractive Tax Landscape
Tax fact sheet for legal entities Welcome to success. Canton Uri – the attractive tax landscape. In the canton of Uri, you will find a business-friendly Calls for leaner government have also included the tax climate with a mutually cooperative relationship between system. The furthest reforms can go is installing a flat tax the canton’s citizens and authorities – short, direct routes rate. With this the tax system would be radically simpli- to policy makers and administrative offices and very fied. In Uri, companies have benefited for years from a attractive tax rates make your business life here simple. low corporate flat rate tax and generous depreciation allow ances. These advantages make Uri an extremely In Uri, a friendly tax system is a key prerequisite in en- attractive base for all types of businesses. suring growth and financial prosperity. In Switzerland, tax sovereignty lies with the cantons, and the Confederation The electorate of Uri approved further moderate cuts may levy only limited federal taxes. This fiscal autonomy in corporate tax on earnings in the total revision of the is firmly rooted in the history of the country, and as a Tax Act in 2011. result the cantons compete with each other to provide a superior service. This competitive spirit is seen as a very positive force: it promotes an efficient provision of government services and ensures the quality of the infrastructure. LEGAL ENTITIES Growth and innovation. Internationally attractive corporate taxes. Corporate tax rates have been falling worldwide. But in Europe the trend has come to a hold. The canton of Uri has lowered its rates twice in recent years, and for years has applied a corporate flat rate tax. -
Burgundian Notes
1915 EMPEROR CONSTANTINE IV 51 from the source, in which it was only stated that he deposed his brothers in order to secure the succession to his son. That Justinian was not crowned at this time follows from the existence of coins of Constantine alone, especially of the coin of his thirtieth year mentioned above, and the complete absence of coins of Con- stantine and Justinian, and from the letter of Justinian to the pope, which is dated 17 February 687, in the second year of his reign.49 From this last it follows that the association of Justinian, if it ever took place (as the assertion of Theophanes has been shown to be based upon a misunderstanding, there is no authority for Downloaded from it), was carried out not earlier than 18 February 685. E. W. BROOKS. Burgundian Notes http://ehr.oxfordjournals.org/ IV. THE SUPPOSED, ORIGIN OF BURGTJNDIA MINOR1 IT is not doubted that King Rodulf U of Burgundy obtained a considerable accession of territory at the expense of Suabia, but the date and the occasion of his aggrandizement are disputed. According to the classical historian of the medieval empire, Duke Burohard of Suabia, not long after he had defeated Rodulf at the battle of Winterthur in 919, made an alliance with him, gave him at University of Manitoba on June 8, 2015 his daughter Bertha to wife, and ceded to him, probably as her dowry, a part of southern Alamannia, namely, the Aargau as far as the Reuss.2 A similar statement has been made by most writers on the reign of King Henry the Saxon.