The Swiss government has submitted Tax Proposal 17 (also known as TP17) to Parliament, setting the basis for new corporate tax rules. The previous plan was rejected in a national referendum in February 2017.
The proposal will reportedly replace the current and controversial special corporate tax regimes (e.g. finance branches, mixed, domiciliary and subsidiary companies) with a five-year transition timeframe for companies that have been benefiting from the current tax scheme.
This means that almost 70% of the shares owned by Swiss residents from private companies will be tax liable when the reform comes into affect.