On 28 September 2018, the Swiss Parliament passed the “Federal Act on Tax Reform and AHV Financing (TRAF)”. Parliament amended the Tax Proposal 17 put forward by the Federal Council to include a social equalization measure concerning AHV financing.
After the Swiss Federal Council has published its dispatch on the Tax Proposal 17 on 21 March 2018, the legislative proposal has been discussed in the first chamber of the Parliament (Council of States) on 7 June 2018. The Council of States has approved the application of its economic commission.
On Wednesday 21 March 2018, the Swiss Federal Council published its dispatch on the Tax Proposal 17. The federal Council clearly stated the necessity of the Tax Proposal 17 in order to maintain Switzerland’s position as a competitive business location, to support value creation, jobs and tax revenues in Switzerland.