Switzerland Take Measures to Avoid the EU Blacklist

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In an effort to keep under the EU blacklist radar, the Swiss parliament has just affirmed a bundle of corporate tax reforms, which will list countries that offer special rates to external organisations and also jurisdictions that practice tax secrecy.

Going forward, Tax Proposal 17 will abolish the special tax status that 24,000 foreign organisations enjoy which entitles them to pay low corporate tax rates, and cantonal governments will bring down the expense rates charged to Switzerland-based companies. Be that as it may, the proposition may yet be rejected by the referendum.