In recent developments, the United States has intensified its efforts to persuade Italy to abolish its web tax, a move that could lead to significant diplomatic and economic repercussions. This tax, instituted in 2019, imposes a 3% levy on digital transactions involving major technology companies such as Meta, Google, and Amazon. The annual revenue from […]
Swiss Watchmakers Call on SNB to Act on Franc as Exports Slump
In a pressing appeal that highlights the challenges faced by the Swiss watch industry, manufacturers have urged the Swiss National Bank (SNB) to take decisive action to mitigate the appreciating value of the Swiss franc. This call comes in light of a 2.4 percent decline in watch exports in the first half of 2024, marking […]