The National Council responded to certain international developments, in particular the OECD's base erosion and profit shifting (BEPS) project, and reinforced certain recommendations of the Federal Council as well as the decisions of the Council of the States regarding the repeal of certain “privileged” tax regimes such as the holding company and domiciliary and mixed company regimes at the cantonal / municipal levels and the principal company regime at the federal level.
The National Council concluded by approving:
The National Council voted against: (1) the current rules regarding the partial taxation of dividends; (2) the introduction of a capital gains tax in respect of (privately held) securities; (3) the adaption of the current capital contribution principle; and (4) repeal of the stamp duty imposed on equity (but left this for future consideration in a separate proposal).
Read a March 2016 blog article by the KPMG member firm in Switzerland: Corporate Tax Reform III: National Council argues in favor of the economy
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