The latest issue of the European Family Business Barometer, a joint annual publication by European Family Businesses and KPMG, reveals a promising development for family businesses in Switzerland: Half of the survey’s respondents felt either positive or very positive about the next twelve months.
On 31 January 2019, the Grand Council of Geneva adopted the cantonal project for the implementation of the Federal Act on Tax Reform and AVS Financing (TRAF). It introduces minor changes compared to the initial project and confirms the massive decrease of the corporate income tax rate to 13.99%.
Effective 1 January 2019 the revised Swiss Federal Act on Foreign Nationals and Integration (FNIA) was enacted. One of the most remarkable changes is the new language requirement for work and residence permits.