Michaela Merz


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Commodity Trading ITX Event in Geneva


I am pleased, together with PwC UK and PwC Netherlands, to invite you to our next event on Indirect Taxes in the Commodity Trading Industry that will take place:

Wednesday, 16 January 2019 at PwC Avenue Giuseppe Motta 50, 1202 Genève.

During this event our Commodity Trading and Indirect Tax experts will give you an update on Technology offerings and the impact of digital for commodity trading (e.g. robotics), environmental taxes and fraud, Brexit as well as recent ITX developments, such as the pending infraction procedure for the UK and customs in respect of a non-EU entity acting as the exporter of record.

To register for this event and get the full event programme, please contact:

Andrea Croizeau, Phone: +41 58 792 98 34 or Email: andrea.croizeau@ch.pwc.com

Our experts look forward to exchanging with you.

 

Bildquelle: unsplash.com


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Technology and age


Klara is a retired maths teacher and she is only 2 years short of her 80th birthday. She is used to thinking logically and she has mastered the technological changes with flying colours. She learned how to use the internet, opened a Facebook account and observed what was happening in the web.

When she had to have a knee operation, she learned how to shop online and ordered her purchases to be sent to her home. That opened up for her great freedom and enabled her to take things easier when she was recovering. Continue reading


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Do we still need printed newspapers?


For many years I have had a newspaper subscription. When the digital version of the newspaper was introduced, I very quickly switched to the electronic version. It is easier, more practical, always to hand and one can search the archives. It is also friendlier to the environment, because not a single tree has to be felled because of my reading mania.

But I read the electronic issue differently from the printed paper. In the electronic version my approach is very focused and I really only look at what interests me particularly. I don’t even click on other topics and advertising annoys me terribly. Every advertisement is clicked away immediately, usually before it is even clear what they are advertising. The advertisements, which force me to watch them for a few seconds before I can remove them, make me so mad (after all someone is trying to force his will on me) that the supplier has no chance at all with me.

The printed issue is different. I leaf through the whole newspaper, frequently become interested in a subject, which I had skipped in the electronic version and read both the death notices (in the electronic version never) and even some of the advertisements. And that is good, because only in this way do I discover some exciting events, which I then attend and am grateful that I had discovered them at all. In the last issue there was the Swiss championships in Poetry Slam and also a lecture about Japan.

What is the future of printed newspapers? I fear that in 20 years they won‘t exist any more. Then I’ll presumably have to change the way I read the newspaper. But there are worse things.

To close, the professional information: the electronic version of the newspaper, which in the past carried a higher VAT rate than the printed newspaper, is now treated equally. Following the partial revision of the Swiss VAT Law at 1.1.2018 both are charged with the reduced VAT rate. I’m very pleased about that. It doesn’t matter that you hadn’t even noticed. But you can still be pleased.


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China – Compliance


Chinese tax authorities is using technology to improve the efficiency of VAT collection and management – Are you ready for this?

China managed VAT by invoice, therefore VAT invoice management is a key point, and the Chinese tax authorities have been using information technology on VAT collection and management. Continue reading


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Blockchain will change the VAT world like no other technology before – what do you need to know


Blockchains are transparent and decentralised way of recording lists of transactions. Their best-known use is for digital currencies such as Bitcoin. The value of Bitcoin increased remarkably since it was launched and ceiling has not been achieved yet. There are many different ways of using blockchains to create new currencies. Hundreds of such currencies have been created in the past and new coming regulary into the market. Continue reading


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Tax as a critical component in every Finance transformation


PwC Washington DC shoot. Stairwell inside The Capitol, adjacent to the Capitol Visitor Center.I would like to inform you about our next webcast regarding Tax as a critical component in every Finance transformation:

In today’s environment, tax and finance functions are facing increasing challenges which require a fundamental re-evaluation of operations, processes, technology and personnel. Continue reading


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TCS – the fast pragmatic help which let us down


586266_web_R_by_Dominik Pöpping_pixelio.deI don’t really like driving. For me the car is a means in order to get from one point to another. If the price allows, I will for sure be one of the first ones, who buys an automatically steered car.

I am pretty sure that afterwards these automats will spread very fast. Because the insurance premiums for men-steered cars will rise into the sky and will economically force people to stop driving themselves. Continue reading