Switzerland: Selected Issues

International Monetary Fund

No 2018/174, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; rate; exchange rate; Exchange market pressure; interest rate; aggregate mortgage lending; CIT rate; mortgage interest rates; interest rate differential; exemption threshold; Corporate income tax; Exchange rates; Personal income; Mortgages; Income and capital gains taxes; Global; Eastern Europe; Europe (search for similar items in EconPapers)
Pages: 41
Date: 2018-06-18
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