As revealed in KPMG’s Swiss Tax Report 2017, no noteworthy shifts in tax rates were discernible for the past year as a whole. Following some minor cuts in 2016, indications this year are pointing to yet another unmistakable trend toward stagnating regular corporate tax rates. The circumstances regarding individual tax rates are similar.
Moving towards centralization, standardizing operations and using more tax technology solutions: The race to redesign tax operating models is well underway. Executives and tax leaders around the world are driving transformation in general and especially for tax.
Keeping up with the new tax reality requires new methods that go beyond the traditional withholding tax approach. As a result, tax and management consulting is increasingly being combined. A qualitative analysis of companies within their specific industry is needed to give management the best possible decision-making basis.