Now that inflation has returned, so has bracket creep, a situation where inflation pushes taxable income into higher tax brackets and reduces the tax busting value of deductions. To compensate, Switzerland’s federal government announced higher deductions and higher tax brackets this week. From the 2023 tax year couples with two wage earners will be able […]
Levelling up – the cantons giving and taking in 2022
In 2022, under the national financial equalisation mechanism, 6 cantons will transfer some of their tax revenue to Switzerland’s 20 other cantons. Switzerland’s cantons have very different tax bases, costs and tax rates. Taxes in Switzerland are comprised of federal taxes, cantonal taxes and municipal taxes. Federal taxes are the same across all of Switzerland. […]
