Logitech 2007 Annual Report Download - page 109

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Disclosure of Shareholder Ownership
Information concerning ownership thresholds above which shareholder ownership must be disclosed
appears in Section 1.2 “Significant Shareholders” in Exhibit 15.1 to this Form 20-F and is incorporated herein by
reference.
C. Material Contracts
There were no material contracts entered into other than in the ordinary course of business during the
previous two years immediately preceding filing of this Annual Report on Form 20-F.
D. Exchange Controls
As a Swiss corporation, Logitech is subject to requirements not generally applicable to United States
corporations. Among other things, Logitech’s issuances of capital stock generally must be submitted for approval
at a general meeting of shareholders. In addition, under Swiss law, the issuance of capital stock is generally
subject to shareholder preemptive rights, except to the extent that these preemptive rights have been excluded or
limited by the shareholders.
There are no legislative or other legal provisions currently in effect in Switzerland or arising under
Logitech’s Articles of Incorporation restricting the export or import of capital, or that affect the remittance of
dividends, interest or other payments to non-resident holders of Logitech securities. Cash dividends payable in
Swiss francs on shares may be officially transferred from Switzerland and converted into any other convertible
currency. There are no limitations imposed by Swiss laws or Logitech’s Articles of Incorporation on the right of
non-Swiss residents to hold or vote Logitech shares.
E. Taxation
The following is a summary of certain Swiss tax matters that may be relevant with respect to the acquisition,
ownership and disposition of shares.
This summary addresses laws in Switzerland currently in effect, as well as the 1997 Convention (entered
into force on December 1997) between the United States of America and the Swiss Confederation for the
Avoidance of Double Taxation with Respect to Taxes on Income (the “Treaty”), both of which are subject to
change (or changes in interpretation), possibly with retroactive effect.
For purposes of the Treaty and the Internal Revenue Code of 1986, as amended (the “Code”), the Swiss tax
consequences discussed below also generally apply to United States shareholders.
Swiss Taxation
Gain on Sale
Under Swiss law, a holder of shares who (i) is a non-resident of Switzerland, (ii) during the taxable year has
not engaged in a trade or business through a permanent establishment within Switzerland and (iii) is not subject
to taxation by Switzerland for any other reason, will be exempted from any Swiss federal, cantonal or municipal
income or other tax on gains realized during the year on the sale of shares.
Stamp, Issue and Other Taxes
Switzerland generally does not impose stamp, registration or similar taxes on the sale of shares by a holder
thereof unless such sale or transfer occurs through or with a Swiss securities dealer (as defined in the Swiss
Stamp Duty Law).
57
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