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Switzerland Launches Third Corporate Tax Reform

by Ulrika Lomas, Tax-News.com, Brussels

25 September 2012


The Swiss Federal Department of Finance (FDF) has announced that the Confederation and the cantons are working together closely on drawing up a third series of corporate tax reforms (corporate tax reform III).

During a recent plenary session, the Conference of Cantonal Finance Directors approved a corresponding nomination ruling from the FDF and appointed its representatives in the project organisation.

The project's objective is to reform the corporate tax system in the tense areas of competitiveness, financing of government expenditure and international acceptance. Furthermore, proposals are to be developed which ensure an acceptable balance between the Confederation and the cantons, and between the cantons, and which compensate for the resulting additional burdens on the Confederation.

Responsible for the overall political control of the project, the steering body is composed of four equal representations from the Confederation and the cantons, and is chaired by the Head of the FDF, President Eveline Widmer-Schlumpf. The other representatives of the Confederation are State Secretary Michael Ambühl (State Secretariat for International Financial Matters), Serge Gaillard (Director of the Federal Finance Administration from October 1) and Samuel Tanner (Director ad interim of the Federal Tax Administration).

Three of the four cantonal representatives were appointed by the Conference of Cantonal Finance Directors in its plenary session. A fourth cantonal representative will be determined by the Conference of Cantonal Governments during its plenary session on September 28.

TAGS: tax | corporation tax | Switzerland | tax reform

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