Digital labor is one of the key disrupters impacting global business today. The race is on to find the best location for using digital technology to augment and/or automate the tasks of highly-skilled workers. Already attractive for doing business, Switzerland’s got more than just a head’s start.
The most recent KPMG Forensic Fraud Barometer shows that Swiss courts tried 57 cases of white-collar crime in 2016. While this might be significantly fewer cases than the year before, the total losses exceeded CHF 1.4 billion, a record high since KPMG began gathering data.
The Swiss people voted “No” on the proposed Corporate Tax Reform III on 12 February 2017. What does this mean for Switzerland’s position on and implementation of BEPS? Generally speaking, there is very little or no direct impact, and in particular Action 13 with CbCR is not affected at all.