In December, the annual country-by-country (CbC) reporting process kicks in for many multinational companies (MNCs). We share five areas for companies to consider in order to improve the CbC process.
As revealed in KPMG’s Swiss Tax Report 2017, no noteworthy shifts in tax rates were discernible for the past year as a whole. Following some minor cuts in 2016, indications this year are pointing to yet another unmistakable trend toward stagnating regular corporate tax rates. The circumstances regarding individual tax rates are similar.