CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Switzerland To Draw Up New Corporate Tax Plan

Switzerland To Draw Up New Corporate Tax Plan

by Ulrika Lomas,, Brussels

23 February 2017

The Swiss Federal Council has asked the Finance Department to draw up new proposals for corporation tax reform by mid-2017 at the latest, following its recent referendum defeat.

The Council said that its objective "remains that of strengthening Switzerland's competitiveness and safeguarding the tax receipts of the Confederation, cantons, and communes." It added that the special tax arrangements for status companies should still be abolished, in line with Switzerland's international commitments.

The Corporate Tax Reform III (CTR III) package was opposed by just over 59 percent of voters in the February 12 referendum. The package proposed the abolition of certain reduced taxation arrangements for holding, domiciliary, and mixed companies. It also proposed giving the cantons the option of introducing a special patent box regime for intellectual property income, and of applying a higher deduction for research and development expenditure.

The Council said that following the referendum, "opponents and proponents were generally in agreement that a new tax proposal should be drawn up swiftly."

The Federal Department of Finance has been instructed to submit the "substantive parameters" for a new proposal by mid-2017 at the latest. Consultations will be held with the various political parties, in collaboration with the cantons, cities, and communes. Business and workforce associations will also be involved in the process.

TAGS: compliance | tax | tax compliance | intellectual property | corporation tax | tax rates | Switzerland | tax breaks | tax reform | research and development

To see today's news, click here.

Leave a comment

Read our Posting Guidelines



Password Reminder

Please enter your email address to receive a password reminder.


Log into Tax-News+
Not registered yet? Find out about our daily news alert service »


Login »

Forgotten your password?

Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Tax-News+ Updates

Receive FREE daily updates from, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...


Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »