Newsalert: Banking and Capital Market

April 2013
Federal Administrative Court decision on beneficial owner-ship in equity finance transactions

This Newsalert draws your attention to the third Federal Administrative Court decision related to the definition of beneficial ownership from a Swiss withholding tax perspective in the case of derivative transactions. After two previous cases relating to Danish claimants, the latest decision refers to a Swiss domestic case and denies not only beneficial ownership but also qualifies the transaction as abusive. Read more about it in our Newsalert.