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

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

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 Taxes 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 …



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