Suppression of withholding tax

The parliament spoke today about waiving the withholding tax. The clash left-right about the tax system on investment is definitely a hot topic in this country. This change could definitely boost the investment industry of Switzerland and with the end of bank secrecy the withholding makes no sense for me anymore.

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Withholding tax would be eliminated only for bonds, as I understand it. Dividends would still be subject to withholding tax.

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Bank secrecy remains inside Switzerland, and no end is in the works, withholding tax remains purposeful.

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