Tax Blog
Stay up to date with the latest tax issues and developments that may affect you and your business.
Does Global Mobility transformation always have to be Digital?
Having come back to work after a year out of the business, everyone is still talking about ‘digital’. Nothing new there, after all digital is an ongoing conversation and articles on digital have been in the media for many years now.
So, why are we still talking about digital and are we really doing anything about it in global mobility?
CbCR update - OECD Guidance & Draft technical guidance of SFTA
In November 2019 the OECD published the New Guidance on the Implementation of the CbCR BEPS 13 and the Swiss Federal Tax Administration (SFTA) issued a draft of the Technical Guidance on CbCR for FY 2018. The documents include specifications on definitions and required information in Country-by-Country Reports from Financial Year 2018 onwards from an OECD resp. Swiss perspective. A summary of the most important aspects can be found below.
Add your voice to the 10th annual Global Human Capital Trends: Take the 2020 survey
The 2020 Deloitte Global Human Capital Trends survey asks about emerging Human Capital trends for 2020 and beyond and an organisation’s readiness to respond. In preparation for our 10th annual Global Human Capital Trends report, we will also use this year’s survey to gather insights looking back over the past 10 years of trends and forward to the year 2030 and the megatrends shaping the future.
Brexit & Switzerland - The “Mind-the-Gap” Agreement on Social Security
On 31 October the Swiss Government announced the conclusion of a transitional agreement in case of a No Deal Brexit. The new agreement ensures that the rules on coordination can be applied for the UK and Swiss citizens but also for other EU nationals who would like to work in Switzerland or the UK after Brexit. The agreement guarantees the same treatment as the Agreement on the Free Movement of Persons for social security. It will close the gap until new final rules come into force between Switzerland and the UK.
Doing FATCA Group Requests right: lessons learned and pitfalls to avoid
With the 2009 protocol to the Swiss-US double tax treaty ratified (see our prior blog post), the IRS can submit group requests under FATCA and Swiss Financial Institutions (FIs) should expect to receive, at any time, production orders from the Swiss Federal Tax Administration (SFTA). All affected Swiss FIs should be preparing now to be in a position to respond within the 10-day deadline stipulated in the IGA and the Swiss FATCA Law.
In this blog, we highlight the main issues we have observed in the market, which include areas where unexpected issues can arise or the workload tends to be underestimated.
Mobility Forecatser - Use machine learning to help you forecast assignment costs with speed and ease
Whether you’re looking to fill a skills gap in one of your overseas offices, or providing talent development opportunities through international experience, global assignments are an important part of how many businesses operate today. They can also be incredibly costly, and as such, being able to predict the cost of an assignment is an essential budgeting requirement for all businesses. Doing this quickly and accurately, however, has proven to be a challenge for many businesses, with estimates often varying considerably from actual costs.
Special edition: Brexit webcast - Monday, 21 October 2019
On Wednesday, 16 October 2019 Prime Minister Johnson agreed a Brexit deal with the EU. The UK’s Parliament will vote on whether to ratify the deal this Saturday, 19. October 2019. Uncertainty remains as to whether the UK Parliament will approve the deal and what the consequences will be if the deal is not approved.
Join our next GES Roundtables on Global Workforce Transformation, November 2019
Join our next GES Roundtables on Global Workforce transformation - Innovation & Automation on Tuesday 26 November, Zurich or Thursday 28 November, Geneva.
About this round table
Global mobility is diversifying, humanising and digitising. Each is a product of the digital disrupters, talent models and socio-economic forces which continue to shape the future of work. In this roundtable, we will share some insights on innovation and automation.
Swiss & International VAT update 2019 - Join our breakfast events in Zurich or Geneva
Register now and join our our upcoming breakfast events "Swiss & International VAT update 2019".
The VAT landscape and requirements for VAT professionals are constantly changing resulting in unknowns and uncertainties. Getting VAT wrong can greatly impact your organisation, in terms of additional costs, stiff penalties imposed by the authorities or missed opportunities to simplify.
OECD issues proposal to address tax challenges of digitalisation
On 9 October 2019, the OECD released a proposal from the OECD Secretariat that aims “to advance international negotiations to ensure large and highly profitable Multinational Enterprises, including digital companies, pay tax wherever they have significant consumer-facing activities and generate their profits.” In this tax blog we summarize the OECD proposal and touched upon the impact on Swiss businesses.
EU removes Switzerland from the “Grey List”
The Economics and Finance Ministers of the EU member states decided at their meeting on 10 October 2019 to remove Switzerland from their so-called EU “Grey List”.
Switzerland has been included on the EU “Grey List” of third countries which had committed themselves to complying with international tax standards, but had not yet fully implemented such standards, since 2017.