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Swiss Tax Burden To Remain Stable

by Ulrika Lomas, Tax-News.com, Brussels

02 October 2014


New figures from the Swiss Government show that the tax-to-gross domestic product (GDP) ratio declined marginally in 2012, against 2011 levels, and the tax burden is to remain consistent over the next four years.

The Swiss tax-to-GDP ratio fell to 26.9 percent from 27 percent in 2011. For future years, the report says the tax-to-GDP ratio will remain largely stable at about 27 percent.

The Finance Ministry said the slight fall in the tax-take was as a result of lower withholding tax receipts and the abolition of the issue tax on debt capital.

The tax-take accruing to cantons was 6.6 percent of GDP, up from 6.5 percent. The tax-to-GDP ratio for municipalities was unchanged at 4.1 percent.

The report shows that the Government anticipates that the tax burden will remain largely consistent in the immediate future and that the distribution of tax revenues between the Federal Government, the cantons, and the municipalities is proposed to remain unchanged.

TAGS: Finance | tax | gross domestic product (GDP) | ministry of finance | tax rates | withholding tax | Switzerland | revenue statistics | tax reform

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