Today, at the occasion of a meeting of the Legal Counsel Committee of the Association of Foreign Banks in Switzerland, Professor Luc Thévenoz informed about the planned Swiss Trust Act. I am enclosing an extract of his slides.
Source: Prof. Luc Thévenoz, University of Geneva.
Commentary: The law has not yet been finalized, some fine tuning is still required. The explanatory report also needs to be finalized. The tax treatment is still being examined, see my recent flash. Prof. Thévenoz hopes that the public consultation will take place before the end of 2020. Subject to the outcome of the consultation the draft bill will be sent to Parliament in 2021.