On 6 September, the Federal Council submitted a recommendation for the Tax Proposal 17 for consultation. Stefan Kuhn offers an overview and critical look at the relevant content of the proposed reform.
Since President Trump took office in January, there has been a lot of discussions around a significant reform of the US Tax Code as such reform had been set as a top priority to the new President. After first signals of a possible fundamental reform with fast implementation, the developments in the last few months have shown that this might not be the case.
The Vaud authorities thought they had passed the hardest hurdle with the acceptance by their residents of a reduction of the profit tax rate to 13.79%. However, the uncertainty caused by the refusal of the Swiss Corporate Tax Reform III (CTR III) on 12 February 2017 continues to rule.