Mason: loss of tax revenue of 5 billion Swiss francs or more

Ueli Maurer said in the NZZ of the tax reform plans of the OECD and their possible impact on Switzerland: "It is still too early to estimate what may happen if the OECD, the Reform Seriously makes."

of course, but that Switzerland has to reckon with the high tax default: "We originally said that this will be between 0.5 and 5 billion francs. It could be even more," said Mason forecast.

The Reform of heble in addition, the tax competition, which is for countries like Switzerland, a "worrying" development. This is because the probability that a change in the international tax system by set, is high: "to Prevent the Exercise more comfortable. We are therefore keen to engage with like-minded countries in damage limitation," said Maurer.

dangers of Libra controllable

The Finance Minister said in the Interview at the Libra. The dangers of the currency with respect to money laundering and the financing of terrorism, control of the Swiss authorities, "sure." The Facebook-planned digital currency ready-to Central banks and governments, but a large headache.

Generally speaking, the decision of the Libra consortium, in Geneva, to be settled to show, the strength of the Swiss financial centre: "It confirms that Switzerland has a good reputation," said Maurer. He was convinced that the Swiss authorities to control the Libra risks at least with respect to money laundering and the financing of terrorism "in the clear".

Own or Chinese Standards

at the same time Libra mountains but also dangers for the financial system: "Libra as a Stablecoin that is covered with a basket of currencies, preparing the Central banks and governments a big headache," explained Maurer, and justified this with the fear that you might lose control over their own currencies.

This meant that the political will to deal with such issues, to financial stability, is currently low. In its original Form, push Libra international, therefore, too much political resistance: "It is a solution that is transparent and controllable needs," affirmed Maurer once again the attitude of the entire Federal Council .

The fact that Libra think in the face of international resistance openly about alternative ways did not mean the end of new digital currencies: "New payment systems, for example on Blockchain-based, it will be safe", said Maurer convinced.

It was only the question of who make the rules: "Either we can make it according to our Standards, or just to make it to the Chinese for us." (fal/sda)

Created: 05.11.2019, 11:30 a.m.