The difficult economic environment is boosting the importance of tax attractiveness. As shown by the “Zurich Tax Monitor 2015” published by KPMG and the Zurich Chamber of Commerce, however, the Canton of Zurich is trailing behind the other cantons in terms of corporate taxation and the taxation of very high-income individuals.
An analysis of the canton's tax attractiveness for companies reveals the following:
Based on the Swiss-wide analysis, which revealed a disproportionately high number of privileged companies, particularly with regard to high tax amounts, it is fair to conclude that a few isolated relocations of privileged companies could indeed have a major impact.
The analysis of the Canton's tax attractiveness for individuals was not very flattering, either:
The flaws in its tax policy are making it particularly challenging for the Canton of Zurich to preserve and cultivate its attractiveness as a location and its innovative capacity in times of sustained economic uncertainties and ongoing legislative reforms (e.g. Corporate Tax Reform III).
The “Zurich Tax Monitor” published by KPMG and the Zurich Chamber of Commerce is a systematic, intercantonal comparison of the tax competitiveness of the Canton of Zurich, particularly with regard to neighboring cantons. It analyzes the canton's attractiveness in terms of corporate taxation, individual taxation, location quality and revenue structure.
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