Switzerland to draw up a new corporate tax proposal
During its meeting on 22 February 2017, the Federal Council instructed the Federal Department of Finance (FDF) to draw up the substantive parameters for a new tax proposal by mid-2017 at the latest following the vote on corporate tax reforms. The objective remains that of strengthening Switzerland’s competitiveness.
The Federal Council noted that, following the rejection of the third series of corporate tax reforms in the referendum on 12 February 2017, opponents and proponents were generally in agreement that a new tax proposal should be drawn up swiftly. The objective remains that of strengthening Switzerland’s competitiveness and safeguarding the tax receipts of the Confederation, cantons and communes. The special tax arrangements for status companies should be abolished, as Switzerland undertook to do internationally. The Federal Council has instructed the FDF to submit substantive parameters during the second quarter of 2017 for a new proposal and suggestions on how to proceed.
These parameters are to be drawn up following talks with the political parties and in collaboration with the cantons, including the cities and communes. In addition, the business and workforce umbrella associations will be consulted.
Source: The Federal Council – Federal Council wants to swiftly draw up a new tax proposal
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