On 31 January 2019, the Grand Council of Geneva adopted the cantonal project for the implementation of the Federal Act on Tax Reform and AVS Financing (TRAF). It introduces minor changes compared to the initial project and confirms the massive decrease of the corporate income tax rate to 13.99%.
Effective 1 January 2019 the revised Swiss Federal Act on Foreign Nationals and Integration (FNIA) was enacted. One of the most remarkable changes is the new language requirement for work and residence permits.
It is estimated that businesses will use machines to carry out 80 percent of conversations with consumers by 2020. The speed with which artificial intelligence (AI) is being adopted across industries in Switzerland is astounding. Yet many companies still view AI as something to be feared.