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Swiss taxpayers eagerly eye knife-edge corporate tax reform referendum

February 07, 2017

Salman Shaheen TPW



Switzerland could be set for sweeping change if voters approve Corporate Tax Reform III. What do the proposed measures mean for taxpayers?

It is a comforting myth that many continue to tell that Swiss banking secrecy was first introduced in 1934 to protect Jewish assets from Hitler’s prying eyes. Whatever the motivations for its origins, in modern times it has served as a pillar of an economic model that has seen Switzerland widely condemned in international circles as a tax haven. Switzerland is attractive to multinational companies for a variety of reasons, not least the preferential tax measures they receive. But are things about to change?

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