The Swiss government has suspended the most favoured nation status (MFN) clause in the Double Taxation Avoidance Agreement (DTAA) between India and Switzerland, potentially impacting Swiss investments in India and leading to higher taxes on Indian companies operating in the European nation. According to a December 11 statement by the Swiss finance department, the move...
Tag: Swiss government
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Switzerland suspends Syria asylum proceedings after Assad’s fall
The Swiss government said it was suspending asylum procedures for Syrians until it can better assess the situation in the Middle Eastern country following the capture of Damascus by rebels and Syrian President Bashar al-Assad’s flight to Russia. The state secretariat for migration said on Monday evening it was currently unable to conduct a thorough...
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Swiss ‘burqa ban’ to take effect from January 1. What are the exceptions?
A controversial Swiss ban on facial coverings in public, referred to as the “burqa ban” will go into effect on January 1, 2025, according to a government statement quoted by Reuters on Wednesday. The face-covering ban will not apply on airplanes or within diplomatic and consular premises. (File) (Pic used for representation)(REUTERS) The Federal Council...
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Why are Italy and Switzerland redrawing their border near Matterhorn Peak?
3 min read Last Updated : Oct 02 2024 | 1:04 PM IST As glaciers in the Alps melt at an alarming rate, Italy and Switzerland are compelled to redraw portions of their shared border near the iconic Matterhorn Peak. This dramatic change serves as another reminder of how rapidly climate change is reshaping...
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Italy and Switzerland have agreed to shift their shared border in the Alps. Here’s why
Part of the border between Italy and Switzerland is set to be redrawn as the glaciers that mark the boundary melt, in yet another sign of how much humans are changing the world by burning planet-heating fossil fuels.. The two countries have agreed to change the border under the iconic Matterhorn Peak, one of the...
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Parliamentary approval process for TEPA to be initiated immediately: Swiss govt
A mega trade deal between New Delhi and the four-nation European bloc EFTA will not only open up broad market access for Swiss businesses in India but is set to improve the legal framework and predictability for them, the Swiss government said on Sunday. The European Free Trade Association (EFTA) States — Iceland, Liechtenstein, Norway...