I s this true? A friend told me he saw an item on Swiss news about a move to change the law so that swiss companies who get heavy fines for malpractice - and downright swindling- will no longer be able to deduct these amounts from the taxes they pay.Can this be TRUE? If so,it would mean that,until now,taxpayers' money has been paying the fines of these criminals and nobody raises a squeak of protest - and it apparently concerns HUGE amounts of money.
can this be REALLY the case???
I s this true? A friend told me he saw an item on Swiss news about a move to change the law so that swiss companies who get heavy fines for malpractice - and downright swindling- will no longer be able to deduct these amounts from the taxes they pay.Can this be TRUE? If so,it would mean that,until now,taxpayers' money has been paying the fines of these criminals and nobody raises a squeak of protest - and it apparently concerns HUGE amounts of money.
can this be REALLY the case???
http://www.admin.ch/aktuell/00089/index.html?lang=en&msg-id=54440
http://www.admin.ch/aktuell/00089/index.html?lang=en&msg-id=54440
The tax treatment of fines, financial administrative sanctions and profit disgorgements is not explicitly regulated in the existing legislation. It can only be determined through interpretation of the law whether expenses are business-related or not. The Federal Council thus deems it conceivable to include clarifying provisions in the DFTA and DTHA.
This,from the same source,implies that,up until this clarification,companies have indeed been able to claim back their fines through taxes.( the first sentence above is rather worrying)
The tax treatment of fines, financial administrative sanctions and profit disgorgements is not explicitly regulated in the existing legislation. It can only be determined through interpretation of the law whether expenses are business-related or not. The Federal Council thus deems it conceivable to include clarifying provisions in the DFTA and DTHA.
This,from the same source,implies that,up until this clarification,companies have indeed been able to claim back their fines through taxes.( the first sentence above is rather worrying)
