Cyrille Tardin

Cyrille Tardin

After Parliament, it is now the turn of the Federal Council to recommend that the people reject the popular initiative “For the couple and the family – No to the penalisation of marriage”. The aim of the initiative is to establish fiscal equality between married and cohabiting couples. Indeed, as things stand, as a result of the fiscal unity of married couples and the progressive income tax rate (with the two incomes added together and taxed as a whole), as opposed to the individual taxation of cohabiting couples, married couples are heavily penalised in terms of direct federal tax. The Federal Council supports this objective but is opposed to the initiative, for two main reasons: firstly, the initiative seeks to include, in the constitution, a definition of marriage as only “a lasting and legally regulated union between a man and a woman”, thus preventing the legislator from extending marriage to couples of the same sex without introducing a further modification to the constitution. Secondly, the initiative would also grant constitutional status to the principle of common taxation of married couples, which lies precisely at the origin of the fiscal inequality between married and unmarried couples. One again, only a modification to the constitution would enable the establishment of another model of taxation. The people will decide on 28 February 2016.
The Federal Council has decided to delay the revision of the criminal law on taxation. This revision seeks, in particular, to make tax evasion of sums greater than CHF 600,000.00 a crime. This revision has been frozen, since it appears doomed to failure politically. It was in reaction to this projected revision that the initiative “in the private sphere” has been launched (See our newsletter of 26/08/2015). Read more (in french), https://www.news.admin.ch/message/index.html?lang=fr&msg-id=59336.
The OECD today published the final results of the BEPS (Base Erosion and Profit Shifting) project. As a member of the OECD, Switzerland has played an active role in this project, the final results of which were published today. The Federal Council has already tasked the Federal Department of Finance with launching the implementation process for these results.
In its session of 26 August 2015, the Federal Council ruled against the private sphere initiative, the main purpose of which was to establish banking secrecy in the constitution, read more:
The Federal Council has adopted the message concerning corporate tax law III. This reform seeks to reinforce the competitiveness of the Swiss entrepreneurial site. The aim of the reform is to abolish the special tax systems granted to holding companies, whose activities are mainly foreign-based. Read more, https://www.news.admin.ch/message/index.html?lang=fr&msg-id=57551
Suite à une modification du Code des obligations, depuis le 1er juillet 2015, quiconque acquiert des actions au porteur d'une société non cotée en bourse est tenu d'annoncer cette acquisition à la société dans un délai d'un mois. Cette obligation existe dès l'achat d'une seule action. Les titulaires d'actions au porteur au 1er juillet 2015 ont un délai au 31 décembre 2015 pour s'annoncer.

In this section, which will be progressively expanded, you will have access to various selected themes that will be concisely handled, especially on the subject of taxation.

THEME 1: Overview of capital tax in Switzerland and in Geneva
THEME 2: Tax: what are the consequences for owners, domiciled in Switzerland, of property located abroad?

Trust Company DEPIGEST SA, was founded

in Geneva more than 30 years ago.


Its head and operational office is based in the rue du Rhône, Geneva’s economic and financial centre.
Since the start of 2015, DEPIGEST SA has also been present in downtown Lausanne.
With long experience and a constantly increasing and diverse clientèle, our company has nevertheless kept a normal size that lets it offer quality services using a kind of “family office” structure.