Corporate tax reform is coming to Switzerland
By Paulus Merks
Tax experts in Switzerland now predict that certain Swiss tax regimes — the cantonal tax regime, the holding regime and, in particular, the auxiliary company regime — will ultimately need to be repealed.
A repeal of these regimes will trigger the need for reform of Switzerland’s corporate tax system. Such a reform may include a redefinition of the tax base.
In particular, the auxiliary company regime, which offers a substantial exemption for foreign source income, has prompted disputes before the European Commission. Indeed, since 2007, the European Commission has taken the view that Swiss cantonal tax regimes, especially the so-called auxiliary company status, constitute prohibited state aid under the 1972 EU-Swiss Free Trade Agreement (FTA)…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
The European Commission is calling for European Union member states to introduce an injunctive and compensatory collective redress mechanism to their national procedural rules by 26 July 2015.
On 29 November, the US and the Cayman Islands signed a ‘Model 1’ intergovernmental agreement on FATCA.
Analysis from The Lawyer
The Lawyer’s latest Top 50 litigation firms list shows that business for dispute specialists is roaring along while new in-depth detail reveals the winning strategies
Our list of the summer’s big deals shows how London law firms kept busy with work from Asia as well as more familiar sources