17 June 2016 Swiss Parliament approves Corporate Tax Reform III The Swiss Parliament approved the final bill on Corporate Tax Reform III on June 17, after the two parliamentary chambers (National Council and Council of States) had resolved their remaining differences and reached a final agreement a few days earlier. The reform foresees the replacement of certain preferential tax regimes with a new set of internationally accepted measures. The legislative changes will go along with a broad reduction of the headline corporate tax rates and will ensure that Switzerland remains attractive for multinational corporations in a post-base erosion and profit shifting (BEPS) environment by providing planning certainty for the future and ensuring compliance with Organisation for Economic Co-operation and Development (OECD) standards. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-1053 |
