Wealth manager liable for tourism promotion tax

ATA/505/1995Court of Justice / Administrative ChamberOct 3, 1995Dismissed

Extracted by Omnilex

Omnilex summary

The court dismissed the appeal of a wealth manager against a CHF 750 tourism promotion tax. It held that wealth managers benefit from business tourism and from Geneva’s financial reputation in the same way as banks, and also profit from advertising that promotes Geneva as a financial center. The appellant therefore falls within the circle of beneficiaries targeted by the tax.

Omnilex headnote

LTour. 17 al. 2; tourism promotion tax liable where the taxpayer belongs to the circle of beneficiaries of tourism and related publicity measures. Wealth managers may be treated like banks when they benefit directly from business tourism, from the international financial reputation of Geneva, and from promotional campaigns enhancing that image. The decisive criterion is not the individual use of tourist infrastructure, but the objective economic advantage derived from the touristic and financial attractiveness of the place (consid. not specified).

Full text

Descripteurs

TAXE D'ENCOURAGEMENT AU TOURISME; GERANT DE FORTUNE; FIN

Normes

LTour.17 al.2

Résumé

Rejet d'un recours interjeté par un gérant de fortune contre la taxe tourisme de 750.- Frs. Les gérants de fortune bénéficient en effet du tourisme d'affaires, car tout comme les banques, ils sont à l'origine de la réputation de la place financière internationale de Genève et profitent directement des campagnes de publicité extérieure vantant la Genève financière. Ils profitent aussi de l'attractivité touristique de Genève en général.

Keywords

tourism promotion taxwealth managementbusiness tourismfinancial centertax liability

Extracted by Omnilex

Key legal question

Whether a wealth manager is subject to the tourism promotion tax under Art. 17 para. 2 LTour.

Extracted holding

Yes. Wealth managers benefit from business tourism, from the financial reputation of Geneva, and directly from advertising promoting Geneva as a financial center; the tax was therefore upheld.

Extracted reasoning

Wealth managers, like banks, contribute to and profit from Geneva’s international financial standing and from the city’s general tourist attractiveness. This places them within the circle of beneficiaries targeted by the tourism tax.

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