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. The Swiss financial centre also caters to international investors and private clients from around the world, and as such is one of the most efficiently regulated and supervised financial centres in the world. The Swiss government works closely with other countries to actively combat organised crime, money laundering and the financing of terrorism. Cross-border tax evasion is tackled, among other measures, with the help of the global standard for the automatic exchange of information (AEOI). Switzerland introduced the AEOI with a range of jurisdictions, including the UK. Data has been collected from 2017 and is being exchanged since 2018. 

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

The 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

Federal Tax Administration