After the Swiss electorate rejected the Corporate Tax Reform III proposals in the February 2017 referendum, the Swiss Federation announced that it would soon be presenting a new tax reform plan. Federal Councilor Ueli Maurer in early June 2017 described recommendations from a steering committee to the Federal Council regarding “Tax Proposal 17”—a reform largely based on the Swiss Corporate Tax Reform III. The Federal Council is expected to communicate its view on the new tax reform later this month.
While some of the elements of the CTR III are also found in the Tax Proposal 17, other elements are completely new—primarily seen as added in order to gain majority vote among parliamentarians and Swiss voters. Among the items are the following.
The timeline for the legislative process is viewed as being ambitious. Later this month, the Federal Council is expected to inform the public about the parameters of the new tax reform. In September 2017, the consulting process is supposed to start so that the first results would be obtained by year-end. Successively, the Swiss Federal Council would share its dispatch to Parliament in spring of 2018. Parliament would then prepare and pass the new tax reform law, so that the first aspects of the new law would be effective by 2019, if no referendum is scheduled.
Read a June 2017 blog item posted by the KPMG member firm in Switzerland
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