Also: stamp tax. Duty imposed in connection with the issuance of securities, the transfer of ownership of securities and other documents or deeds, and the payment of insurance premiums. In Switzerland, stamp taxes are regulated by the Federal Stamp Tax Law of 27 June 1973 (which has been revised several times since) and the related Ordinances. In securities trading, a distinction is made between stamp duty on newly issued securities and turnover tax (which is levied on a transfer of title). Stamp duty rates differ according to the legal and economic nature of the securities.