Switzerland Announces New Corporate Tax Reform Proposal

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A referendum on Switzerland’s proposed new corporate tax framework will be held on the 19th of May 2019, with a view to implementing the law into force at the start of 2019. Tax Proposal 17 and the Federal Act on Tax Reform and AHV Financing will annul the country’s current special corporate tax regimes in order to keep Switzerland off the European Union’s blacklist.

The targeted countries in the new law will be those found offering special rates to foreign entities and organisations; as well as countries that provide nominee or ‘concealment’ services. Proposal 17 is a replacement law that was dismissed in a national referendum last year in 2017.