July 24 2020
Tax Reform Strengthens Switzerland as a Business Location
Source: Invest Switzerland
Tax burdens represent an important metric in assessing the comparative international attractiveness of business locations. According to an analysis including long-term projection to 2025 carried out by the economic research institute BAK Economics AG (BAK) for the BAK Taxation Index 2020, the Swiss taxation landscape is set to change significantly for the good of the country’s economy. Many cantons are sharply reducing standard rates of corporate tax. This will therefore further increase the fiscal competitiveness of Switzerland in the international arena. Alongside the newly introduced taxation instruments aimed at boosting innovation, this provides security of planning to companies, according to BAK.