By Davide Anghileri, University of Lausanne
The lower chamber of Swiss parliament (National Council) approved a corporate tax overhaul on Wednesday known as “Tax Proposal 17. The aim of the reform is to avoid the danger and possibility for Switzerland to be included in the European Union blacklist of uncooperative tax havens.
In fact, the reform provides the abolition of special tax arrangements for cantonal status companies, which have been criticized by the European Union and the OECD. At the same time, it proposes the introduction of incentives (like patent box regime) to attract foreign investment and to maintain the competiveness of the Swiss market.
The lower house of parliament has linked tax reforms to extra funding for the state pension system, after the upper house (Council of States) approved a similar version.
Now, the reform needs a new discussion in front of the upper house in order to analyse the differences between the two texts approved by the two chambers.
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].
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