TaxPersonal TaxSwiss diplomats to lose tax perks

Swiss diplomats to lose tax perks

Tax changes to hurt overseas government employees

About 900 Swiss government personnel are set to lose their tax perks as a
result of changes to the country’s fiscal system.

According to the information website,
Swissinfo.org
, diplomats and employees of the
Swiss
Agency for Development and Cooperation
(SDC), would have to pay up to three
times more tax.

The extent of the tax increase depended on several factors, including the
posting abroad, as well as the labour conditions and the family situation of the
diplomats.

’A diplomat in Iraq for instance is entitled to a special payment and this is
no longer tax deductible,” a spokesperson for the SCD said.

Further reading:

Swiss hunt UK hedge funds

Zurich woos London hedge funds

EU goes toe to toe with Swiss over corporate tax system

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