Switzerland: Update on tax rates, tax environment

Switzerland: Update on tax rates, tax environment

Switzerland’s corporate income tax rates have dropped on average over the past decade and continue to decrease. Following a moderate downward trend, the average top tax rates for individuals have remained fairly consistent over the past few years. The top income tax rates of most Swiss cantons fall in line with the European average.

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Although the voters rejected the ballot initiative known as “Corporate Tax Reform III,” some believe this is not an unsurmountable setback. Other areas of the Swiss tax landscape reflect initiatives based on base erosion and profit shifting (BEPS) recommendations, country-by-country (CbC) reporting, and the automatic exchange of financial account information (AEOI).

 

Read an April 2017 blog posting prepared by the KPMG member firm in Switzerland

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

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