In Switzerland, marriage can increase the amount of tax a couple pays, something referred to as the marriage penalty. Higher tax is levied on married couples because they are assessed on their combined income rather than separately. Another argument against the current system is that it presents an economic barrier for second income earners who […]
Why Switzerland was ranked the most economically free nation in Europe
Switzerland was placed fourth globally in the 2016 Economic Freedom index published by the Heritage Foundation on Monday. One of only five countries declared economically free, Switzerland ranked top in Europe and was the only country in the top five not to lose any ground. In fact it improved by half a point. 178 countries were […]
Geneva’s heavy 2016 tax burden
Every year the Swiss federal department of finance calculates the percentage of the tax base each canton will collect in tax in the coming year. Calculations for 2016 put Geneva in the lead with a tax burden of 34.2%, well above the Swiss average of 25.5%. The canton of Schwyz has the lowest percentage of 10.5%, sitting […]
Swiss tax changes affecting international companies
Many of us who come from abroad to live in or around Switzerland are here either directly or indirectly because of favourable tax rules that generously benefit certain companies and branch offices in Switzerland. Switzerland’s harmful state aid Unfortunately, the European Union (EU) does not like Swiss tax rules that tax certain income differently. In […]
Swiss tax revolution
The question facing the Swiss federal government is how to keep Swiss corporate taxes attractive without offering foreign companies preferential tax rates, a system that the Organisation for Economic Co-operation and Development (OECD) and the European Union (EU) will no longer tolerate. The Swiss Federal Council, the seven-member executive council which constitutes the federal government, […]
