Gone are the days when tax advice was a secret science limited to preparing written submissions and obtaining rulings. Modern tax advisory services increasingly draw on IT, with the use of software solutions gradually becoming the norm. Tax goes IT, so to speak.
Multinational corporations are in permanent business transformation mode. Many of them have located key value drivers in Switzerland because of the country’s flexibility and stable business environment. But will Switzerland remain attractive as companies seek to transform their business towards fast and sustainable growth?
There are a few upcoming regulatory tax projects which will affect the Swiss insurance industry. On a global level these include the latest tax risks facing the industry in light of the OECD’s base erosion and profit shifting (BEPS) reports. On a national level the focus is on the Swiss Corporate Tax Reform III.