SWITZERLAND: Corporate tax reform plan goes to referendum next May
A referendum on Switzerland's proposed new corporate tax system, known as Tax Proposal 17, is to be held on 19 May 2019, with a view to bringing the law into force on 1 January 2020. TheFederal Act on Tax Reform and AHV Financing will repeal the country's existing special corporate tax regimes in an effort to keep Switzerland off the European Union's blacklist, which will include jurisdictions that offer preferential rates to foreign companies as well as jurisdictions that practice tax secrecy. Proposal 17's predecessor was rejected in a national referendum in February 2017.