July 30, 2025

Kersten Honold and David Brusa featured in Financier Worldwide

*This article first appeared in the August 2025 issue of Financier Worldwide magazine.

How is Switzerland adapting to global tax reform and what does it mean for multinationals?

As global tax reforms, such as Base Erosion and Profit Shifting and its Pillar Two take hold, Switzerland is shifting focus from low corporate tax rates to compliant, substance-driven incentives that align with international standards, to retain its status as a top-tier business location of choice.

In this Financier Worldwide feature, Managing Director Dr. Kersten Honold and Director David Brusa, discuss the latest trends in the Swiss Tax landscape as well highlighting the key tax topics to consider when relocating or investing in Switzerland.

Read the full article here

Thought Leadership

Pharma in Focus: A Prescription for Thai Tax & Tariff Health

December 8, 2025

Alvarez & Marsal recently hosted an engaging and practical session tailored for tax, finance, and trade professionals in the pharmaceutical industry. This first edition of our Thailand Tax Talk: Industry Series explored how tax leaders in the pharma sector can respond to increasing regulatory pressure, operational complexity, and cross-border trade disruption.

Press Releases

Supreme Court Upholds Delhi High Court Ruling: Indian Subsidiary Does Not Automatically Constitute PE, and No Further Profit Attribution Is Warranted Once the Subsidiary Arm’s Length Remuneration Is Paid

December 5, 2025

The Supreme Court’s affirmation of the Delhi High Court ruling in the Progress Rail case provides important clarity on Permanent Establishment standards in India. The decision reinforces key principles on control, core functions, agency thresholds, and profit attribution. It further underscores that arm’s-length remuneration to Indian subsidiaries precludes additional attribution. A significant development for multinational enterprises evaluating their India-linked operating models.

Thought Leadership

OBBBA and Qualified Small Business Stock: Bigger, Faster, Broader Section 1202 Benefits for PE, VC and Founders

December 4, 2025

Discover how the One Big Beautiful Bill Act (OBBBA) modernizes Section 1202 QSBS, offering earlier exclusions, higher caps, and broader eligibility for PE, VC, and founders.

Thought Leadership

Final Buyback Regs Are Good News for M&A Transactions, Too

December 4, 2025

The IRS and Treasury abandoned the embattled “funding rule” in final regulations implementing the 1 percent excise tax on stock buybacks and made welcome changes for reorganizations and preferred stock, tax advisers said.

Authors