Switzerland

Swiss public will vote on Tax Reform

On 19 May 2019, the Swiss public will vote on the Federal Act on Tax Reform and AHV Financing (TRAF). By 17 January 2019, various referendum committees have submitted more than the necessary 50,000 signatures against the law.

Deal-making maintains Switzerland’s global relevance

Merger and acquisition activity among Swiss companies and investors hit a record high in 2018, paving the way to a record-breaking year in the M&A business. Get an industry-by-industry look at last year’s M&A deals and outlook for 2019. Read KPMG Switzerland’s Clarity on M&A.
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OECD initiative against fictitious tax residences based on investments

On 16 October 2018, the OECD published the results of its analysis of over 100 Citizenship by Investment (CBI) and Residence by Investment (RBI) schemes that allow foreign individuals to obtain citizenship or residence rights.
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Federal Council opens the consultation on the implementing ordinances of the new FinSa and FinIa

On 24 October 2018, the Swiss Federal Council began the consultation for the 3 implementing ordinances to the Financial Services Act and the Financial Institutions Act. The consultation period will last until 6 February 2019; the ordinances and the two laws will enter into force on 1 January 2020.
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Geneva plans to massively lower its corporate tax rate

On 17 October 2018, the Geneva State Council presented its final cantonal project for the implementation of the Federal Act on Tax Reform and AVS Financing (TRAF). It introduces minor changes compared to the previous project and leads to a massive decrease of the corporate income tax rate to 13.79%.
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Erster Datenaustausch der Schweiz im Rahmen des AIA

Die Schweiz hat im September 2018 erstmalig Daten im Rahmen des AIA (Automatischer Informationsaustausch) anderen Staaten übermittelt und von diesen auch Daten erhalten. Die Eidgenössische Steuerverwaltung (ESTV) übermittelte Informationen zu rund 2 Millionen Finanzkonten an die Partnerstaaten der Schweiz.
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