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.
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
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