Previous post Next post

Swiss corporate tax rates ‘likely to fall’ in some cantons

Vevey

Places like Vevey in canton Vaud are tipped to lower rates in the face of impending corporate tax reforms (Keystone) - Click to enlarge

Impending corporate tax reforms are likely to reduce rates in higher tax cantons, such as Geneva, Vaud and Basel City, according to KPMG. Overall, the business consultancy group expects Switzerland to remain an attractive location for multinational corporations.

Little has changed in the Swiss corporate and income tax landscape, with cantons in central Switzerland like Zug offering attractive rates in international comparisons, the latest KMPG Clarity on Swiss Taxesexternal link report concludes.

However, companies are bracing themselves for changes in the coming years. Having failed to get corporate tax changes past Swiss voters last year, the government has tweaked its plans. They will substantially alter the corporate tax landscape in the next two to three years if they pass muster in parliament and at the polls.

Instead of handing foreign multinationals tax breaks on overseas earnings, cantons will attempt to lure companies of all shapes and sizes with special deals on research and development expenditure. That will benefit some business models, but not commodities traders and holding companies, KMPG said on Wednesday.

If, as expected, higher tax cantons – many of which have a high proportion of foreign company HQs – are forced to reduce rates as a result of the reforms, Switzerland would remain an attractive location. KPMG doubts that competitor countries, such as Ireland, have room to reduce their rates much lower.

 
Full story here
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post See more for 3) Swiss Markets and News Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2018/04/swissinfo-swiss-corporate-rates-cantons/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.