Tax

US Tax Reform: no breaking but some further news for Swiss groups

A much anticipated tax reform framework was released last week. It serves now as a template for the tax-writing committees of the House and Senate, whereby the details need to be elaborated by these committees. The Framework can thus be viewed as an important but small step on a long, uncertain journey that doesn’t necessarily end in 2017.
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Country-by-country reporting adopted and in force 1 December 2017

On 29 September 2017 the Federal Council adopted the Ordinance on the International Exchange of Country-by-Country Reports (CbCR) of Multinationals. The Ordinance will come into force on 1 December 2017.
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Swiss VAT rate reduced as of 1 January 2018

Swiss voters said no to the reform of the pension scheme. As a result, Swiss VAT rates will be reduced. Taxable persons must be ready as of 1 January 2018 - a very short deadline.
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Tax Proposal 17 – Start of consultation procedure

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.
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US Tax Reform: some (good) news for Swiss groups

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.
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Tax Proposal 17 – forced slow down for Vaud

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.
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