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.
Switzerland has become a preferred destination for investorsdue to its taxation system, geographic and political position, low inflation, low unemployment rate as well as its competitive business environment.
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.
Buying properties in Switzerland, especially a house or a commercial property is not as easy as is sounds, as the Swiss real estate market is highly regulated. Owning a house in Switzerland is not something as usual. More than 60% of the people living in Switzerland usually rent their residence.
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.