Corporate Tax Reform - postponed

In a public vote held on February 12, 2017 a majority of voters said “no” to the introduction of the Corporate Tax Reform that was proposed by the Swiss parliament and was supported by Swiss business associations. The proposed reform was seen as too business friendly.

The undisputed objective of the rejected reform was to align Swiss tax law with international standards. The reform proposed to phase out some preferential corporate tax regimes (the mixed, domiciliary and principal company regimes) that are in the focus of dispute by the EU and the OECD while introducing new measures designed to maintain the fiscal attractiveness of Switzerland.