After the third series of corporate tax reforms was rejected during the referendum of February 12, 2017, the Swiss Federal Council announced its intentions to swiftly draw up a new tax proposal. During its meeting on February 22, 2017, the Swiss Federal Council instructed the Swiss Federal Department of Finance (FDF) to draw up the substantive parameters for a new tax proposal by mid-2017 at the latest. The FDF was also requested to provide input on suggestions on how to proceed.

According to a press release issued by the Swiss Federal Council in this respect, the Swiss 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. In the press release issued it is furthermore stated that the objective remains that of strengthening Switzerland's competitiveness and safeguarding the tax receipts of the Confederation, cantons and communes and that the special tax arrangements for status companies should be abolished, as Switzerland undertook to do internationally.

The press release concludes by stating that the 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.

 


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