Previous post Next post

Iran war: Switzerland expects bumper tax from oil traders

The Swiss canton of Geneva and the federal government expect a tax windfall from commodity traders as the Iran war drives up oil prices. + Get the most important news from Switzerland in your inbox Oil traders in Geneva, who handle a third of global oil trade, often book increased profits during periods of turbulence, which translates into higher tax revenues, Geneva's finance director, Nathalie Fontanet, told Swiss public broadcaster SRF. This was evident in the coronavirus pandemic and the war in Ukraine – and it is likely to happen again because of the war with Iran, Fontanet added. In 2023, Geneva achieved a record surplus of almost CHF1.4 billion, primarily due to commodity trading. The federal government expects additional revenue of between CHF600 and CHF800 million by 2028 thanks to Geneva's commodity trading sector. This includes corporate taxes, dividend taxes and income taxes on the bonuses of commodity sector executives. Oil prices soar Fontanet cannot yet quantify how ... Full story here Are you the author?
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post See more for 3.) Swissinfo Business and Economy Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2026/04/iran-war-switzerland-expects-bumper-tax-oil-traders/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.