{
  "title": "Switzerland: Selected Issues",
  "publication": "IMF Staff Country Reports, June 18, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/18/switzerland-selected-issues-45995",
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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.",
  "sections": [
    {
      "heading": "Key findings on corporate taxation",
      "content": "- 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.\"\n- The current system creates differences in the tax treatment of foreign and Swiss sourced income."
    },
    {
      "heading": "Proposed reform and tax-rate outcome",
      "content": "- \"The proposed reform would eliminate differences in the tax treatment of foreign and Swiss sourced income.\"\n- \"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.\""
    },
    {
      "heading": "Distributional and fiscal implications across cantons",
      "content": "- \"Costs of lowering the CIT rates would be unequally distributed across cantons.\"\n- The reform \"would be costlier for cantons with a large immobile CIT base.\""
    },
    {
      "heading": "Thematic coverage",
      "content": "- Subject areas covered include: Banking, Corporate income tax, Exchange rates, Financial institutions, Foreign exchange, Income and capital gains taxes, Mortgages, National accounts, Personal income, Taxes.\n- Keywords highlighted: aggregate mortgage lending, CIT rate, Corporate income tax, CR, Eastern Europe, Europe, Exchange market pressure, exchange rate, Exchange rates, exemption threshold, Global, Income and capital gains taxes, interest rate, interest rate differential, ISCR, mortgage interest rates, Mortgages, Personal income, rate.\n\nInternational Monetary Fund. European Dept. \"Switzerland: Selected Issues\", IMF Staff Country Reports 2018, 174 (2018), accessed 9/9/2026, https://doi.org/10.5089/9781484362174.002\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 18, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484362174.002",
    "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 current system creates differences in the tax treatment of foreign and Swiss sourced income.",
    "\"The proposed reform would eliminate differences in the tax treatment of foreign and Swiss sourced income.\"",
    "\"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.\"",
    "The reform \"would be costlier for cantons with a large immobile CIT base.\"",
    "Subject areas covered include: Banking, Corporate income tax, Exchange rates, Financial institutions, Foreign exchange, Income and capital gains taxes, Mortgages, National accounts, Personal income, Taxes.",
    "Keywords highlighted: aggregate mortgage lending, CIT rate, Corporate income tax, CR, Eastern Europe, Europe, Exchange market pressure, exchange rate, Exchange rates, exemption threshold, Global, Income and capital gains taxes, interest rate, interest rate differential, ISCR, mortgage interest rates, Mortgages, Personal income, rate.",
    "**Country Report**"
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