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Europe

Switzerland to tweak corporate tax reform proposal

A consultation has revealed widespread support for a corporate tax reform plan, proposed last fall, to abolish the cantonal tax statuses for holding, domiciliary, and mixed companies, and to introduce a royalty box, Switzerland’s Federal Council said in an April 2 release. Some modifications to the reform proposals will be . . .

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Asia-Pacific

Switzerland and Cyprus sign tax treaty

Switzerland and Cyprus, on July 25, signed an agreement for the avoidance of double taxation with respect to taxes on income and on capital. It is the first tax treaty to be signed between the countries. The agreement includes a provision for the exchange of tax information on request.