Taking strong measures to combat corruption and increase transparency are just some of the steps Switzerland is taking to ensure it’s commodities sector remains competitive. Compliance with CTRIII is just one of the steps companies must take to make sure it stays that way.
There are a few upcoming regulatory tax projects which will affect the Swiss insurance industry. On a global level these include the latest tax risks facing the industry in light of the OECD’s base erosion and profit shifting (BEPS) reports. On a national level the focus is on the Swiss Corporate Tax Reform III.
New regulatory requirements, growing government requests and increasing demands from internal and external stakeholders for greater compliance… The pressures on tax functions are mounting, forcing companies to rethink their operational set-ups.