Swiss Taxes on Investment and Financing

Henri B. Meier (), John E. Marthinsen (), Pascal A. Gantenbein () and Samuel S. Weber ()
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Henri B. Meier: HBM Sekretariat
John E. Marthinsen: Babson College
Pascal A. Gantenbein: University of Basel

Chapter Chapter 12 in Swiss Finance, 2023, pp 549-570 from Springer

Abstract: Abstract Switzerland's federal government got the right to impose indirect taxes in 1848, and only under the pressure of war expenditures, in 1940, was it authorized to levy direct taxes. Government spending and tax revenues have grown since then. Unlike stories of a tax paradise, Switzerland's total tax burden is only slightly below the OECD's European average and often not in the best interest of future economic development. The country's tax laws favor debt over equity financing. Its Tax and Social Security systems support the retired generation. Stamp and withholding taxes hamper the development of Swiss capital markets, and not allowing tax credits from losses for more than seven years heavily burdens innovative start-ups, constituting an intergenerational transfer of assets and opportunities.

Date: 2023
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DOI: 10.1007/978-3-031-23194-0_12

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