IMF Staff Country Reports

Switzerland: Selected Issues

Publication Date:

June 18, 2018

Electronic Access:

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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.

Series:

Country Report No. 2018/174

Subject:

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