2 June 2017
Subsequent to the Swiss electorate’s rejection of the Swiss Corporate Tax Reform III on 12 February 2017, the Swiss Federation will soon be presenting a new tax reform. On 9 June 2017, Federal Councilor Ueli Maurer informed the public about the parameters of the new Tax Proposal 17, a reform which is largely based on the Swiss Corporate Tax Reform III.
While some of the elements of the CTR III are also found in the Tax Proposal 17, other elements are completely new, primarily included to gain majority vote among Parliamentarians and Swiss voters. A first appraisal of the parameters can be found below:
The drawing up of a new reform as a first reaction from the Federal Council to the refusal of the Swiss Corporate Tax Reform III was not long in coming. Consequently, this shows the importance that Switzerland attaches to the implementation of a tax reform. The worked out timeline of the new reform is kept ambitious. In September 2017, the consulting process is supposed to start with the aim that they will have obtained the first results by year-end. Successively, the Swiss Federal Council will share its dispatch to Parliament in spring of 2018. The Parliament will then discuss and pass the new tax reform law, so that according to the media conference “first aspects” of the new law enter into force beginning of 2019, granted no referendum is scheduled.