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.
After confirming the schedule of the Tax Proposal 17, the Federal Council has now set the parameters for the dispatch. Based on the results of the consultation procedure, the Federal Council has decided to mainly maintain the proposal as issued for consultation. Details of the final proposal within the dispatch are expected at the end of March 2018.
The legislative roadmap released by the Vaud Council of State on 1 November 2017 confirms a substantially reduced corporate tax rate of 13.79% in the canton of Vaud as of 1 January 2019, irrespective of the Federal Tax Proposal 17 currently under way.