Swiss Allure for Companies at Stake in Tax Vote: QuickTake Q&A

by Dramelin 11:00 PM 0 comments

President Donald Trump, for example, has suggested cutting the U.S. corporate tax rate to 15 percent from 35 percent. The federal government now now gets about half of its corporate earnings tax revenue from multinationals; cantons and municipalities get 20 percent. In the past, Italy had Switzerland on a black list for its corporate tax practices, which made it harder for Swiss companies to do business there. He also warned that rejection could cause companies to invest or move abroad, leading to job losses and a big drop in tax revenue. In a Feb. 12 referendum, Swiss voters will decide whether to accept or reject a government plan to replace the special tax breaks that multinational companies now enjoy.