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Ernst & Young Monthly News January 2008

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Two practically identical legal forms

(PDF, French, 152 kB)
Source: PME Magazine, December 2007
Authors: Pierre Delaloye, Aurélien Muller, Ernst & Young

Legislation. The new law on limited liability companies came into force on January 1. The legislators have also harmonized a number of provisions relating to public limited companies. What do these changes mean in practice for companies?

HR governance – a land to be conquered

(PDF, French, 6.53 MB)
Source: Dossier HRM no. 8
Authors: Olivier Dunant, Ernst & Young; Carolynn Cameron, Serge Panczuk, Bernard Radon

The concept of corporate governance, which originated in the US and the UK, mainly stems from company law governing relationships between the various participants, as well as wider-reaching laws, market practices and structures.

VAT reform – no simplification without loss of privileges

(PDF, German, French, 129 kB)
Source: Der Schweizer Treuhänder 2007|12
Author: Philip Robinson, Ernst & Young

The Federal Tax Administration (FTA) is revising the guidelines on value-added tax (VAT), together with all the sector-specific brochures and information sheets. As a result many drafts of these publications have been made available to the public over recent months.

Asset managers and Swiss legislation – a question of positioning

(PDF, German, French, 89 kB)
Source: Banco – Das Schweizer Magazin für Asset Management, Special Issue of no. 38, Fall 2007
Author: Marc Siegel, Ernst & Young

Financial market legislation is, like the markets themselves, in a state of continual development. Sometimes it is hard to find your way through it all...

Banking audits

(PDF, French, 1.88 MB)
Source: Echos Money 13 - 2007 – 2008
Authors: Jérôme Desponds, Michèle Luyet, Ernst & Young

Banks occupy a central position at the heart of the economic and financial system; they ensure the collection and redistribution of savings in the form of credit, their interconnection allows financial flows to be exchanged, and their infrastructure authorizes the deposit of dematerialized assets – cash and securities. Given their importance, banks are subject to special supervision at the state and suprastate levels. In Switzerland, the method of supervision practised by the state authorities requires sustained involvement on the part of auditing firms. Here we present the main requirements and recent changes.

Developments in international tax legislation

(PDF, German, 310 kB)
Source: Steuer Revue 12/2007
Authors: Markus F. Huber, Fabian Duss, Heiko Kubaile, Gregor Freimoser, Ernst & Young

The new Federal Act on Regional Policy comes into force on January 1, 2008. During the second half of 2007 the draft implementation decrees on the new Federal Act on Regional Policy, issued by the Federal Council and Federal Department of Economic Affairs (EVD) were discussed in the Federal Parliament.

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