On Tuesday afternoon, Schwarzenbach's family office issued an exceptionally brief press release stating: «We are pleased to announce that Mr. Urs E. Schwarzenbach and the Zurich tax authorities have resolved all outstanding matters and concluded the proceedings. The outstanding amounts have been paid. Urs E. Schwarzenbach has thus fully met all his tax obligations.»

End of a Years-Long Dispute

Schwarzenbach, known to the broader public as the owner of the luxury hotel Dolder, had been embroiled in various legal disputes with the authorities over allegedly or actually owed taxes for years, with limited success in court.

Which proceedings are still pending and thus affected by the settlement? What is the total amount Schwarzenbach has paid to the tax authorities? Is this a settlement, or has the billionaire admitted his guilt? These questions, which finews.ch promptly submitted to the contact address mentioned in the press release, have so far remained unanswered.