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Switzerland Unveils 2011 Objectives

by Ulrika Lomas, Tax-News.com, Brussels

08 December 2010


Switzerland’s Federal Council has approved its key objectives for 2011.

According to the Swiss Federal Administration, the 2011 objectives have been drawn up in line with the Confederation’s 2007-2011 legislative programme, focussing on five priorities: strengthening the Swiss economy; guaranteeing security; strengthening social cohesion; exploiting available resources with respect to sustainable development; and consolidating Switzerland’s position in a globalized world.

In stark contrast to most member countries of the Organization for Economic Cooperation and Development (OECD), the Swiss economy was able in the summer of this year to compensate for the decline in economic performance linked to the recession. Resuming growth nevertheless remains one of the key challenges for 2011.

As regards the Swiss economy, the Federal Council aims to focus on several key areas, notably optimizing the country’s agricultural policy to make agriculture in Switzerland more competitive by using sustainable methods of production. In addition, and in order to limit risks to the economy attributable to big businesses, the Federal Council also aims to strengthen the stability of the banking system by taking a number of measures. Finally, the Federal Council aims to improve stock market transactions and fiscal policy.

Determined to improve training, the administration notes that several legislative projects are planned for 2011 designed to encourage both research and innovation. The Federal Council’s training policy, it remarks, is intended to maintain Switzerland’s position in the medium and long-term as one of the most competitive countries.

Regarding foreign policy, the Federal Council aims to clarify institutional relations between Switzerland and the European Union, noting that there are a number of outstanding issues, relating to agriculture, food and product safety, public health, renewable energy and corporate taxation.

TAGS: tax | business | fiscal policy | banking | Switzerland

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