Heinz Tännler, the Head of the Department of Finance supports the proposals of the Federal Steering Committee for the new Zug tax regulation 2017. Tännler feels encouraged in regard to the reform of the corporate tax law in Zug.
Taxes in Switzerland are levied at federal, cantonal and local level. Dividends and interests are a subject of the withholding tax, at a rate of 35%, however the withholding tax can be deducted in full, under certain conditions.
The cost of living in Switzerland is among the highest in the world, with the main cities Geneva and Zurich being named in a 2015 study among the most expensive cities in the world.
The Corporate Tax Reform III has been approved by the Swiss Parliament. This tax reform was created in order to preserve Switzerland’s attractiveness as a location for multinational companies that want to take advantage of a more relaxed taxation.
Switzerland is offering one of the most competitive business environments, not only on European level, but also globally. This is a consequence of the business – friendly strategy adopted by the Swiss government.
The United States of America and the Swiss Confederation have signed a convention regarding the avoidance of double taxation concerning income taxes, which became effective on January 1 1998.
