Switzerland’s Federal Council today mandated that the Federal Department of Finance (FDF) prepare a new corporate tax reform proposal by mid-2017, following the rejection of corporate tax reform III in a popular referendum earlier this month.
All political parties have generally agreed that a new proposal should be drawn up swiftly, due to Switzerland’s international commitment to abolish its special tax cantonal regimes.
The Federal Council said the new corporate tax proposal should be in line with the latest international tax standards and should reinforce the attractiveness of Switzerland as a business location and thus strengthen Switzerland’s competitiveness.
Any proposal should also safeguard the tax receipts of the Swiss Confederation, cantons and communes, the Federal Council said.
The FDF was asked to submit its new proposal with suggestions on how to proceed during the second quarter of 2017, considering the fact that the cantonal tax arrangements for status companies are slated to be abolished in 2019.
The FDF should take in account the views of all the political parties and work in collaboration with the cantons, including the cities and communes, the Federal Council said. Moreover, business and workforce umbrella associations should be consulted.
Davide Anghileri
Davide Anghileri is a PhD candidate at the University of Lausanne, where he is writing his thesis on the attribution of profits to PEs. He researches transfer pricing issues and lectures for the Master of Advanced Studies in International Taxation and Executive Program on Transfer Pricing.
Anghileri, a Contributing Editor at MNE Tax, previously worked as a policy advisor to the Swiss government on BEPS issues.
Davide can be reached at [email protected].
Latest posts by Davide Anghileri (see all)
- Swiss government approves new law governing tax treaties - November 11, 2020
- EU states’ compliance with tax avoidance directives assessed in Commission report - August 26, 2020
- Italy clarifies VAT reporting obligations of online marketplaces - June 16, 2020
- EU blacklist: Cayman Islands added with other three jurisdictions - February 18, 2020
- Italy adopts digital services tax, notional interest deduction - January 8, 2020
Be the first to comment