This is Lugano’s Plan B: The Swiss city aims to become a home for the crypto community

Swiss city of Lugano announces a center of excellence for blockchain adoption in Europe. The City of Lugano, Switzerland, and Tether Operations Limited Commit to Building a Center of Excellence for Blockchain Adoption in Europe. Collaboration Aims to Drive City-wide Blockchain Adoption and Allow Citizens to Pay Annual Taxes and City Services in Bitcoin, Tether … Read more

Tax increases in France may damp the feel-good factor, a driver of luxury-goods consumption

France accounts for about 8 percent of the total annual luxury-goods sales, according to consultant Bain & Co. French election frontrunners President Nicolas Sarkozy and Socialist candidate Francois Hollande have both pledged tax increases. The measures may damp the feel-good factor, a driver of luxury-goods consumption, as has happened elsewhere in Europe, according to CA … Read more

Tax change chassed foreign millionaires from the home of Swiss banking

Foreign millionaires fled Zurich after tax change Two years after scrapping special tax breaks, the region of Zurich has lost nearly half its foreign millionaires. Of the 201 foreign residents who benefited from the tax breaks which the canton scrapped in early 2009, 97 have decamped to more favourable tax regimes, the region’s tax services … Read more