As you can see, the BSL is a magazine that is constantly adapting and developing.
After having covered Switzerland and Liechtenstein, BSL reoriented itself by replacing Liechtenstein with the Grand Duchy of Luxembourg. Since then, our aim has been to focus on different topics covering banking, taxation and real estate in these two states. We try to strike a balance between articles dealing with general topics, specific technical issues and new developments. For example, in this issue, you will find an article by Xavier Oberson on the issue of tax optimisation, a contribution by the undersigned and Daniel Gatenby on some new developments in Swiss inheritance law as well as an article on valuation of unlisted shares for tax purposes.
The big new feature this year is that we have decided to invite another country for each issue. This year it is South Africa. In this special issue, the reader will find some articles intended for European readers who decide to settle or carry out business in South Africa and other contributions intended for South African readers interested in Switzerland and the Grand Duchy of Luxembourg.
BSL has changed slightly, but the world has changed significantly. It is difficult to know today exactly what the economic, political and legal consequences of Covid will be. In some countries, there is a desire to make wealthy people pay the bill for the pandemic. The Swiss people have wisely opposed this trend, as on 26 September 2021 they rejected by almost 65% a citizens’ initiative aiming to tax income above a certain level not on the basis of 100% but on the basis of 150%.
As you can see, BSL is constantly improving, following, and adapting to European and global trends. I cannot end this editorial without extending my warmest thanks to all the readers, authors and sponsors without whom BSL could not exist.
Philippe Kenel, Attorney-at-Law in Lausanne, Geneva and Brussels, PYTHON