As revealed by KPMG’s Swiss Tax Report 2016, Switzerland remains one of the highest-ranked countries in international tax competition – particularly with regard to corporate taxation. KPMG's Swiss Tax Report 2016 compares the corporate and income tax rates in 130 countries as well as all 26 cantons.
This year's report confirms a leveling off of the downward trend for top corporate rates seen in recent years: While the average corporate rate in Switzerland has declined by a total of 3.42 percentage points over the past ten years, the average reduction reported for 2015 was merely 0.01% percentage points and 0.08% percentage points for 2016. In terms of top tax rates for individuals, a marginal year-on-year increase of 0.01% is discernible in the average income tax rates paid across all Swiss cantons.
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