A referendum vote scheduled for 12 February 2017 concerns changes to the Swiss tax system—the Corporate Tax Reform III would replace special tax regimes for holding companies, mixed companies, and domiciliary companies with new tax policies.
Since 2007, Switzerland’s privileged taxation of holding companies and mixed and domiciliary companies has been under increasing international pressure, in particular from the European Union and the OECD. The federal and cantonal governments have reacted, and are currently reshaping the Swiss tax legislation. The Federal Council submitted the dispatch on the "Federal Act on Tax-Related Measures to Strengthen the Competitiveness of Switzerland as a Business Location" to Parliament in June 2015. On 17 June 2016, Parliament adopted the Corporate Tax Reform III regime. Because a referendum was launched and the required number of signatures were submitted, the Swiss people will vote on the Corporate Tax Reform III on 12 February 2017.
The aim of Corporate Tax Reform III is to maintain and further develop Switzerland’s position as one of the most attractive business locations worldwide, while increasing international acceptance of its corporate tax legislation and sustainably securing adequate tax revenues to finance public activities. The focus is on providing legal certainty and security of investment while also increasing the general competitiveness of the tax system and abolishing special tax regimes.
The tax reform measures include:
Read a 2017 report prepared by the KPMG member firm in Switzerland
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