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Swiss 'Robot Taxes' Deemed Unnecessary

by Ulrika Lomas, Tax-News.com, Brussels

21 December 2018


The Swiss Federal Council has endorsed a report that recommends that Switzerland does not yet need to introduce new or higher taxes to account for automation.

The study looks at the effects of "robotization" in the economy on Swiss tax revenues and funding for social security. It concluded that, although the Government may need to respond with tax measures in the future, in the immediate term automation is not having a negative impact on employment levels and wages in Switzerland.

It recommended that the Government should in future look to increase social insurance contributions before levying any new taxes on automation if there is a shift in company's expenditure from wages to capital income. It proposed that, alternatively, the Government could look to value-added tax to boost revenues or a "robot tax."

TAGS: tax | value added tax (VAT) | social security | Switzerland | tax reform | individual income tax

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