OECD GloBE update - Overview of the key parameters of the model rules

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On 20 December 2021, the G20/OECD Inclusive Framework on BEPS ("inclusive framework") published Tax Challenges Arising from the Digitalisation of the Economy Global Anti-Base Erosion Model Rules (Pillar Two) ("model rules"). This follows on from the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, agreed by more than 135 of its members on 8 October 2021.

Since 2017, the 141 member countries of the inclusive framework have developed a "two-pillar" approach to address the tax challenges arising from the digitalization of the economy: addressing nexus and profit allocation challenges ("Pillar One") and global minimum tax rules ("Pillar Two").

The long-awaited model rules provide more clarity on the future of a global minimum tax rate. Although the model rules have now been published and confirm the key parameters, further clarification on certain aspects is still required. Additional details shall be provided in a commentary that is expected to be published by the OECD by the end of January 2022.

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Posted on 22/12/2021 | 0 Comments

International social security update - Switzerland

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Considering the ongoing COVID-19 crisis and its consequences in terms of working patterns for cross-border commuters, the Swiss social security administration communicated that the current “flexible approach” for the social security coordination rules for cross-border workers will be extended into 2022. 

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Posted on 21/12/2021 | 0 Comments

Switzerland Social Security: Contribution rates as of 1 January 2022

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The Swiss social security contributions as of 1 January 2022 remain unchanged in comparison to 2021.

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Posted on 6/12/2021 | 0 Comments

Who needs expats?

2021-11-29_11-23-13Our response to the Economist article ‘Who needs expats?’ published on 18 September 2021.

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Posted on 30/11/2021 | 0 Comments

Financial Services Industry Tax Webinar on 14 December - tax and transfer pricing insights from Thibaut Urbain (SFTA)

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We would like to invite you to our next Financial Services industry webinar on Tuesday, 14 December at 09.30am (CET) where we will discuss recent tax developments relevant to the Swiss FS industry. We are delighted to be joined by Thibaut Urbain, who is a transfer pricing expert with the Swiss Federal Tax Administration (SFTA)

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Posted on 29/11/2021 | 0 Comments

Join our VAT Breakfast hybrid events: Swiss & International VAT update

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Join us for this year's Hybrid VAT Breakfast Events which will provide an update on recent Swiss and international VAT developments and upcoming changes and will take place on Wednesday 10 November 2021 and Thursday 25 November 2021.

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Posted on 27/10/2021 | 0 Comments

Global Mobility Trends Report - 2021

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Not least of all due to the significant changes heralded by the COVID-19 pandemic, the world of work has been disrupted and new business and organisational models and patterns are emerging. This is particularly so in the area of global mobility.

Deloitte has carried out keynote research, interviewed global talent leaders and analysed boarder business and human capital developments in reaching the insights incapsulated in our Autumn Global Mobility Report 2021.

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Posted on 18/10/2021 | 0 Comments

OECD Inclusive Framework reaches agreement on taxing the digitalized economy and a global minimum rate

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On October 8, 2021 the OECD/G20 Inclusive Framework (“IF”) on base erosion and profit shifting (BEPS) issued a statement and an implementation plan (together, “the statement”) agreed by 136 of the 140 members of the IF outlining the political agreement with respect to the two pillar approach to address the tax challenges of the digitalization of the economy. Pillar One, Amount A, would reallocate profits of the largest and most profitable multinational enterprises (MNEs) to market jurisdictions; Pillar Two would impose a minimum tax on MNEs with gross revenues in excess of EUR 750 million and would require certain jurisdictions to agree to a subject to tax rule (STTR) in their treaties. A preliminary agreement had previously been announced in July. The two-pillar solution will be delivered to the G20 Finance Ministers meeting in Washington on October 13, then to the G20 Leaders’ Summit in Rome at the end of the month.

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Posted on 14/10/2021 | 0 Comments

Join the virtual Immigration Academy on 2 November 2021

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Join this year’s virtual Immigration Academy on Tuesday, 2 November 2021 from 2 p.m. to 4 p.m. The workshop will provide updates and discuss the latest developments in the field of immigration and remote working.

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Posted on 13/10/2021 | 0 Comments

Brexit: Switzerland and the United Kingdom provide insights into recently negotiated bilateral Social Security Convention

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On 11 August 2021 the Swiss Federal Council approved a new social security convention between Switzerland and the United Kingdom. It was officially signed by the Federal Council on 9 September and its provisional application was accepted by the Swiss parliamentary commissions. It is intended to apply this new convention provisionally from 1 November 2021, subject to the approval of the UK competent authorities. The new convention will enter into force definitively once both countries have ratified it.

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Posted on 12/10/2021 | 0 Comments