Category: Business / Corporate

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Switzerland Clarifies Fines Not Tax Deductible

The Swiss Federal Council has clarified that fines are not a business-related expense and are therefore not tax deductible. It is stipulated in Swiss tax law that neither private individuals

No Transaction Tax in Austria – so far

Austria won’t participate in a planned financial-transaction tax unless the revenue generated outweighs the cost to the industry, Finance Minister Hans Joerg Schelling said. “Austria won’t be part of a

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