Switzerland: Selected Issues

June 18, 2018

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Format: Chicago

Switzerland: Selected Issues, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This Selected Issues paper analyzes key features of corporate taxation in Switzerland. The Swiss corporate tax system includes many aspects of a territorial regime; is highly attractive for multinational companies; and collects non-negligible revenues, but the status quo is not sustainable. The proposed reform would eliminate differences in the tax treatment of foreign and Swiss sourced income. Further, cantons are expected to lower their corporate income tax (CIT) rates, bringing the combined (municipal, cantonal, and federal) tax rate (averaged across cantons) to about 13.9 percent. Costs of lowering the CIT rates would be unequally distributed across cantons, and would be costlier for cantons with a large immobile CIT base.

Subject: Banking, Corporate income tax, Exchange rates, Financial institutions, Foreign exchange, Income and capital gains taxes, Mortgages, National accounts, Personal income, Taxes

Keywords: Aggregate mortgage lending, CIT rate, Corporate income tax, CR, Eastern Europe, Europe, Exchange market pressure, Exchange rate, Exchange rates, Exemption threshold, Global, Income and capital gains taxes, Interest rate, Interest rate differential, ISCR, Mortgage interest rates, Mortgages, Personal income, Rate

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/174
Stock No:

1CHEEA2018002
ISBN:

9781484362174
ISSN:

1934-7685

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