With the intention of sending a clear signal to the many multinational companies located in the Lausanne/Geneva area, the Canton of Vaud has provided an intermediary report of its plan on how to lower its current corporate tax rate of 21.65% to 13.79%.
The OECD presented on 16 September 2014 the first wave of widely anticipated deliverables in its BEPS project. The rules presented are of recommendatory nature, as of now, and it is up to the member states to adapt their local legislation to the new standards.
The Swiss Federal Supreme Court decided that the effective place of management of a finance company with its statutory seat in Guernsey is in Switzerland and not Guernsey, leading to the unlimited tax liability of the finance company in Switzerland.
Multinational companies (MNCs) are under an ever increasing pressure from their stakeholders and from the markets to provide for growth prospects which are at the same time competitive and sustainable. One of the key success factors in this regards is choosing the right location for the right activities.