The Swiss Federal Council on 6 September 2017 released a draft to start the consultation process with respect to a federal tax bill, commonly referred to as “Tax Proposal 17.” As proposed in June 2017, Tax Reform 17 would reduce from 21.2% to 20.5% the amount of federal income tax revenues retroceded to the cantons.
The proposal must now be submitted to the cantons, political parties represented in parliament, umbrella organizations representing the municipalities, and cities as well as other interested parties.
There are no significant changes in the consultation draft compared with the outline from June 2017. Among the items included in the proposal are measures concerning:
The consultation will end on 6 December 2017, with the dispatch to parliament set to take place in spring 2018.
Read a September 2017 blog item posted by the KPMG member firm in Switzerland
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