Switzerland as a Financial Centre

View of the entrance of the stock exchange in Zurich
Stock Exchange in Zurich © FDFA, Presence Switzerland

Switzerland’s financial sector is of significant importance to the national economy, employing about 5% of the total workforce and accounting for 9% of economic output.

The financial sector ensures that the Swiss economy is never short of the necessary capital or financial services. Switzerland is also one of the most efficiently regulated and supervised financial centres in the world today. The Swiss Confederation works closely with other countries to actively combat organised crime and terrorism. Cross-border tax evasion should be prevented with the help of the new global standard for the automatic exchange of information (AEOI). Switzerland introduced the automatic exchange of information with a range of jurisdictions, including the UK. Data has been collected from 2017 and exchanged from 2018. The financial sector, the Federal Department of Finance (FDF), the Federal Department of Foreign Affairs (FDFA), and Swiss embassies and consulates abroad provide clarification on such matters.

Overview

The financial centre and the economy

Key figures

Report on international financial and tax matters

In the annual report the Federal Department of Finance takes stock of the progress made by Switzerland regarding international financial and tax matters. The challenges for Switzerland lie primarily in the area of taxes, financial market regulation and positioning in international financial bodies.

Report on international financial and tax matters

Swiss Tax System

Switzerland is a Confederation of 26 cantons with about 2,250 municipalities. Taxes are levied not only by the Confederation but also at the cantonal and municipal level.

Swiss Tax

Swiss Federal Tax Administration