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.
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.
If a market is being influenced by outside factors, disruptions are bound to arise eventually. Influential factors of this nature can be triggered by tax incentives and have also been observed in connection with the elimination of banking secrecy and capital market interventions. KPMG surveyed investors and appraisers about the Swiss investment property market.