Development after the vote on the CTR III through the Steuervorlage 17 to the TRAF


We always keep you informed about the latest developments regarding the Steuervorlage 17. Our presentation explains the new benchmarks of the SV 17 precisely and comprehensively.


14.06.2019

At its meeting on 14 June 2019, the Federal Council took a final decision on the entry into force of the STAF proposal. As already suspected, the new federal law on tax reform and AHV financing will enter into force on 1 January 2020. Progress in implementing the rules at cantonal level varies from canton to canton. If the cantonal legislative proposals cannot be enacted by 1 January 2020 due to time constraints, federal law will apply directly until the respective cantonal law has been implemented.

Media release of the Federal Department of Finance of 14 June 2019

22.05.2019

Approximately three days after the voting Sunday of 19 May 2019, the Federal Tax Administration informed the Federal Council about the abolition of federal practices for principal companies and Swiss Finance Bran-ches. The abolition of these special regulations will take effect on 1 January 2020. In the tax practice of the Federal Tax Administration, no such companies have been licensed since 1 January 2019. A repeal of the law is not necessary due to the nature of the tax administration's practice.

Media release of the Federal Department of Finance of 22 May 2019

19.05.2019

On 19 May 2019 the time had finally come. The Swiss electorate had to decide on the tax proposal 17 / TRAF. With a result of 66.4 % in favour, which exceeded expectations, and a 42.7 % participation, the Swiss electorate approved the tax reform and AHV financing proposal. At the Federal Council's media conference, Federal President Ueli Maurer stressed that the Swiss were in favour of pragmatic solutions. The same person mocked somewhat ironically the criticism voiced by lawyers before the vote regarding a possible violation of the principle of the unity of matter. It states that there must be a factual connection between the various aspects of a proposal within the framework of a vote. If such a connection were lacking, the citizen would no longer be able to announce a free transfer of will. According to Ueli Maurer, however, the positive effect of the acceptance is the legal certainty created for Switzerland as a business location and thus also for jobs. The President of the Confederation gave an assurance regarding the removal from the grey list. There is a compatible tax system that continues to guarantee and safeguard tax competition.

Media conference of the Federal Council on 19 May 2019

Preliminary official results of the vote of 19 Mai 2019

10.04.2019

At the Federal Council meeting of 10 April 2019, several ordinances on the implementation of the tax reform and AHV Financing were submitted for consultation. Provided that the corresponding bill is accepted by the electorate on 19 May 2019, the ordinances are to enter into force together with the new legislation on 1 Jan-uary 2020. The following ordinances are concerned: New Ordinance on the Tax Deduction on Self-Finan-cing of Legal Entities, Ordinance on the Crediting of Foreign Withholding Taxes and Ordinance 1 of the Fe-deral Department of Finance (FDF). The first ordinance specifies the details of how equity capital and the corresponding interest are calculated. Entitled to the introduction of this ordinance are the cantons, which have a minimum burden of 18.03% at the cantonal capital. The second ordinance regulates how the double taxation of natural/legal persons is to be prevented if income subject to withholding tax is generated abroad. Finally, the last ordinance requests that the attributable amount may no longer be reduced in the event of reduced taxation. Meanwhile, the amendment of the Ordinance on Financial and Burden Equalisation and the drafting of an Ordinance on the Patent Box are still in the pipeline. No more consultations will take place in these cases. The consultation period for the three ordinances in question runs until 17 July 2019.

Press release of the Federal Council of 10 April 2019

02.04.2019

At the beginning of April, the Federal Department of Finance (FDF) published a video explanation of the vote on tax proposal 17 / TRAF of 19 May 2019.

18.02.2019

At the beginning of the week, Federal President Ueli Maurer and Federal Councillor Alain Berset spoke together in a media conference in favour of accepting the tax proposal 17 / TRAF. The Federal Council sees this as a balanced option for two superficial problems. According to the Council, the aim of the proposal is to safeguard jobs, tax revenues and the AHV. Fairness as the keyword of the bill should be in the foreground, because companies should be assessed using the same taxation parameters. Two concerns are particularly important: firstly, the promotion of innovation by safeguarding competitiveness, the knowledge base and research and development; secondly, the promotion of a federal balance. The necessary reductions in profit taxes in the cantons in order to safeguard their competitive attractiveness will result in a substantial reduction in cantonal revenues. For this reason, the cantons' share of the direct federal tax is to be increased from 17% to 21.2%. In this connection with the tax reform, the AHV benefits from 2 billion more revenues annually. In light of the AHV's financing problems, such an increase is urgently needed. Should the bill fail, there is a risk of considerable legal uncertainty for foreign companies in Switzerland, countermeasures abroad with potential damage to our economy and a further tightening of AHV financing. The Federal Council and Parliament recommend accepting the bill for the prosperity of all. 

Media conference of the Federal Council on 18 February 2019

06.02.2019

Of the 61'381 signatures submitted to the Federal Chancellery on 17 January 2019 for the referendum against Steuervorlage 17 / TRAF, 60'749 were confirmed as valid. The required number of signatures were thus collected by the Referendum Committee and the referendum was reached. The public will decide on the relevant bill on 19 May 2019 (cf. the Federal Council's communication of 17 January 2019). 

17.01.2019

17 January 2019 was considered the deadline for the end of the referendum period. By this date, an alliance of left-wing and green parties had collected more than 55'000 signatures for a referendum against the TRAF and submitted them on time. It is now up to the Federal Chancellery to verify their validity. If the referendum is achieved, the public will vote on it, together with the referendum on EU weapons law. The Federal Council has decided that the referendum would take place on 19 May 2019. 

15.11.2018

Within the framework of the TRAF, not only the regulations for cantonal status companies are to be abolished, but also the federal practices regarding tax exemption for principal companies and the Swiss Finance Branches. This abolition of federal practices, however, does not require any legal adjustment. As a first step, the FTA will ensure that federal practices are no longer applied to new companies as of 2019. In a second step, when the TRAF comes into force at the beginning of 2020, the federal practices will also be abolished for previously existing principal companies and for Swiss Finance Branches.

28.09.2018

The National Council and the Council of States approved the Federal Act on Tax Reform and AHV Financing (TRAF - formerly Steuervorlage 17) in the final vote on 28 September 2018. The final text of the legislation was supplemented with regard to the capital contribution principle by a further exception for companies listed on a Swiss stock exchange in accordance with a proposal by the Drafting Committee of 27 September 2018: Capital contribution reserves which are repaid to domestic and foreign legal entities with a holding of at least 10% of the share capital and/or nominal capital of a performing company shall also not be subject to the stricter capital contribution principle. Likewise, the Conference of Cantonal Finance Directors (FDK) unanimously expressed its support for the TRAF bill in a media release. The new federal law could enter into force as early as 1 January 2020 if no referendum is held during the 100-day referendum period or if the people and the cantons approve the bill. From mid-January 2019, there will thus be certainty as to whether the people will have the final say on the tax reform on 19 May 2019. The Federal Council has rejected bringing forward the voting date to 10 February 2019, as the applicable legal provisions do not permit this.

https://www.parlament.ch/de/ratsbetrieb/suche-curia-vista/geschaeft?AffairId=20180031

17.09.2018

The Council of States has once again discussed the Steuervorlage 17 (SV17) and approved the draft of the National Council. It thereby resolved the last differences regarding the municipal article and the aapital contribution principle (CCP): On 12 September, the National Council decided that the CCP should apply without restriction to companies that have moved to Switzerland since the referendum on the Corporate Tax Reform II (CTR II), which was held in February 2008. For the Council of States, however, the entry into force of CTR II at the beginning of 2011 was the decisive date. As part of the settlement of differences, however, the Council of States has now ceded its position. It has also ceded to the municipal article. Thus, the effects of SV17 on the municipalities must not only be taken into account, but also effectively compensated. The bill has thereby been adjusted and is ready for the final vote at the end of the autumn session.

https://www.parlament.ch/de/ratsbetrieb/suche-curia-vista/geschaeft?AffairId=20180031

Overview of the most important cornerstones of the adjusted SV17:
https://www.parlament.ch/de/services/news/Seiten/2018/20180912185632681194158159041_bsd177.aspx?utm_source=taxlawblog.ch+-+Newsletter&utm_campaign=9af3866270-taxlawblog_newsletter&utm_medium=email&utm_term=0_fc3524b9e0-9af3866270-74964627

12.09.2018

The National Council has discussed the Steuervorlage 17 (SV17) and approved the linking of the bill with subsidies to the AHV. The Council of States and the National Council therefore largely agree on the SV17, with the exception of the municipal article and the capital contribution principle: The municipal article states that the municipalities must be compensated for the effects of the corporate tax reform. According to the Council of States, however, the cantons merely have to take the effects into account. According to the capital contribution principle, stock listed companies may only pay out tax-free reserves form capital contributions if they distribute taxable dividends in the same amount. The Council of States provides for certain exceptions for companies that have recently relocated to Switzerland. The National Council has now determined two further exceptions.

An overview of the most important decisions of the National Council regarding the Steuervorlage 17:
https://www.parlament.ch/de/services/news/Seiten/2018/20180912185632681194158159041_bsd177.aspx?utm_source=taxlawblog.ch+-+Newsletter&utm_campaign=9af3866270-taxlawblog_newsletter&utm_medium=email&utm_term=0_fc3524b9e0-9af3866270-74964627

Article published in the NZZ on 12 September 2018 on the debate in the National Council:
https://www.nzz.ch/schweiz/der-nationalrat-entscheidet-ueber-den-steuerdeal-ld.1419375

Article published in the NZZ on 13 September 2018 about the cities' discontent with the SV17:
https://www.nzz.ch/schweiz/staedte-im-zwiespalt-beim-steuerdeal-ld.1420054

07.09.2018

In its letter of 7 September 2018, the Conference of Cantonal Finance Directors (FDK) welcomes the work of the National Council's Economic Affairs and Taxation Committee (EATC-N) with regard to the Steuervorlage 17 and requests the National Council to approve the bill in line with the advisory committee. In addition, the FDK once again underlines the importance of the SV17 - a second no to the corporate tax reform cannot be afforded.

https://www.fdk-cdf.ch/-/media/FDK_CDF/Dokumente/Themen/Steuerpolitik/Unternehmensbesteuerung/180907_SV17_Brf_an_NR_DEF.pdf?la=de-CH&utm_source=taxlawblog.ch+-+Newsletter&utm_campaign=698afbdb8f-taxlawblog_newsletter&utm_medium=email&utm_term=0_fc3524b9e0-698afbdb8f-74964627

04.09.2018

At its meeting on 3 September 2018, the Committee for Economic Affairs and Taxation of the National Council (EATC-N) approved the Steuervorlage 17 with a very close vote of 12 votes to 11 with 2 abstentions. The EATC-N largely follows the draft of the Council of States and only proposes an amendment to the capital contribution principle (CCP). Thus, the EATC-N has carried a motion exempting capital contribution reserves of newly arrived companies created after the voting date for the CTR II from the repayment rule. In addition, the majority of the Committee requests that the exception for newly arrived companies should also apply to the partial liquidation rule, cross-border mergers and restructurings. The Committee rejected a proposal which sought to exclude foreign income from patents from the patent box. Furthermore, the Committee clearly backed the deduction for research and development. The controversial deduction for self-financing was to be permitted for all cantons, according to one proposal. However, the Committee rejected this and continued to limit the instrument to the Canton of Zurich. The SV17 will be discussed in the National Council on 12 September. The settlement of differences is to be completed within the 2018 autumn session.

https://www.parlament.ch/press-releases/Pages/mm-wak-n-2018-09-04.aspx?utm_source=taxlawblog.ch+-+Newsletter&utm_campaign=698afbdb8f-taxlawblog_newsletter&utm_medium=email&utm_term=0_fc3524b9e0-698afbdb8f-74964627

13.08.2018

The Committee for Economic Affairs and Taxation of the National Council (EATC-N) has started consultations on the Steuervorlage 17. So far, it has followed the Council of States in all respects. This means that the bill will not be split into a tax part and an AHV part, nor did the increase in the retirement age for women find a majority. Likewise, there will be no increase in value-added tax, which should have replaced the increase in wage contributions in favour of the AHV. Even regarding the controversial taxation of dividends, it remains the case that at least 70 percent is taxed at federal level and at least 50 percent at cantonal level. The capital contribution principle (CCP), the deduction for equity, the patent box, R&D deductions and the adjustment of the financial equalisation will not be discussed until the next meeting. The Committee will finalise its consultation regarding the bill at its meeting on 3 September and then the Steuervorlage 17 is expected to be discussed in the National Council on 12 September. Economiesuisse welcomes these developments.

https://www.parlament.ch/press-releases/Pages/mm-wak-n-2018-08-14.aspx?utm_source=Klartext+zur+Steuerreform&utm_campaign=3ae29b037a-EMAIL_CAMPAIGN_2017_09_01_COPY_01&utm_medium=email&utm_term=0_e48f57f485-3ae29b037a-155937789

28.06.2018

In a letter to the Economic Affairs and Taxation Committee of the National Council (EATC-N), the Conference of Cantonal Directors of Finance (FDK) overall supports the Steuervorlage 17 adopted by the Council of States on 7 June 2018 and even welcomes the linking of the SV 17 with parts of the AHV bill, as this could help the tax reform to make a breakthrough. In its letter, the FDK repeatedly emphasizes the urgency of the SV 17 and that a second rejection of the reform cannot be afforded. The FDK therefore strongly recommends that the bill be adopted in the 2018 autumn session.

https://www.fdk-cdf.ch/-/media/FDK_CDF/Dokumente/Themen/Steuerpolitik/Unternehmensbesteuerung/180628_SV17_Brf_an_WAK_N_UZ.pdf?la=de-CH&utm_source=taxlawblog.ch+-+Newsletter&utm_campaign=72fc85420c-taxlawblog_newsletter&utm_medium=email&utm_term=0_fc3524b9e0-72fc85420c-74964627

27.06.2018

In its media release, the Finance Commission of the National Council (FK-N) advocates a counter-financing of the Steuervorlage17 (SV 17) through an increase in value-added tax and rejects the increase in wage contributions as decided by the Council of States. Employers and employees should not be burdened any further, instead everyone should participate in the counter-financing (by increasing VAT). In addition, the FK-N wants to divide the bill into a «Federal Act on Steuervorlage 17» and a «Federal Act on AHV Financing». This approach is contrary to that of the Council of States, which only envisages one proposal. However, the bills should only come into force if both are adopted in a possible referendum. A minority of the FK-N wanted to gradually increase womens' retirement age to 65 with the AHV financing bill. This proposal was rejected, however.

https://www.nzz.ch/schweiz/kommission-will-mehrwertsteuer-erhoehen-statt-ahv-beitraege-ld.1398606

19.06.2018

The Council of States' decision to reintroduce the deduction for self-financing (NID) is criticised by cantons such as Zug, Schaffhausen and Aargau. Because in the way the Council of States has set the minimum tax rate, only the Canton of Zurich is likely to be able to introduce the deduction and this is contrary to the principle of equal treatment, according to Heinz Tännler, Finance Director of Zug. However, the special provision can also have unpleasant effects for the Canton of Zurich: If in the future Zurich wants to reduce corporate taxes more than previously planned, Zurich will have to abolish the tax deduction it has already gained. That some cantons will reject the whole SV17 because of the introduction of the deduction for self-financing is, however, hardly conceivable.

https://www.tagesanzeiger.ch/schweiz/standard/unternehmenssteuern-sonderregel-macht-zuerich-attraktiver-als-zug/story/29303544

07.06.2018

The Council of States approved the draft and the amendments to the Steuervorlage 17 (SV 17) proposed by the WAK-S by 34 to 5 votes with 5 abstentions. There was criticism regarding the coupling of the SV 17 with the AHV reform, but due to the lack of alternatives and the urgency of the reform, the majority nevertheless voted in favour. In addition, the Steuervorlage 17 has now been renamed the «Federal Act on Tax Reform and AHV Financing» (TRAF). Now the bill goes to the National Council. It is to be revised in the autumn session and, if there is no referendum, the first elements of the bill are to come into force at the beginning of 2019.

https://www.nzz.ch/schweiz/ein-gesparter-steuerfranken-ein-zusaetzlicher-ahv-franken-ld.1392072

25.05.2018

According to a press release, the Commission for Economic Affairs and Taxes of the Council of States (WAK-S) approves the overall concept for the Steuervorlage 17 presented on 15 May 2018 with 11 votes to 1, thus concluding the detailed consultation. The main changes and clarifications compared to the meeting of 15 May 2018 are as follows:

  • Listed companies may only pay out capital investment reserves (CIR) free of tax if they distribute taxable dividends in the same amount.
  • Cantons whose capital city has a cumulative tax rate (canton, municipality and any other self-governing body) of at least 13.5 percent may introduce a deduction for self-financing (Notional Interest Deduction/NID). According to the current intentions of the cantonal governments, only the Canton of Zurich would meet this minimum tax rate.
  • The cantons may introduce optional tax reliefs for equity capital attributable to loans to group companies.

The Commission has not made any further changes to the additional AHV financing and the partial taxation of dividends since its last meeting.

https://www.parlament.ch/press-releases/Pages/mm-wak-s-2018-05-25.aspx?lang=1031

23.05.2018

In their press releases, the three umbrella trade associations have approved, albeit with reluctance, the coupling of the Steuervorlage 17 with the AHV. For Economiesuisse, the conclusion of an effective and politically broadly supported tax bill by the autumn is a high priority. So high a priority that it supports the concept of the EATC-S. However, it demands that there shall be no delays in the reforms of the AHV and the occupational benefits. Time is also running short for the Swiss Trade Association (SGV) and because it is believed that the overall SV17 concept of the EATC-S has a good chance of being accepted by parliament, it is being accepted with certain reservations. For the Swiss Employers' Association, higher wage contributions could only be considered in connection with an increase in the retirement age of women and man by one year each to 65/66 if politicians insist on coupling the Steuervorlage 17 with the AHV.

https://www.nzz.ch/schweiz/steuerreform-und-ahv-der-zweck-heiligt-die-mittel-ld.1388194

17.05.2018

With the Steuervorlage 17 (SV 17) and the AHV, the Economic Affairs and Taxation Committee of the Council of States (EATC-S) has linked two reforms which are not related in content. The trade associations voiced their criticism immediately: Economiesuisse wrote in a media release that they had always taken the view that the SV 17 should not be laced with irrelevant, non-related elements. It is important that the bill, in its core tax aspect, guarantees the competitiveness, international acceptance and profitability of Swiss corporate taxation. The Swiss Trade Association (SGV) also expressed its scepticism regarding the coupling with the AHV. In an initial press release, the Conference of Cantonal Directors of Finance (FDK) welcomed the swift action of the EATC-S and its commitment to a bill capable of obtaining a majority vote. However, a final appraisal of the bill is not yet possible. From a political point of view, the linkage with the SV 17 should save the AHV reform some time.

https://www.nzz.ch/schweiz/unternehmenssteuerreform-kommission-will-bei-steuervorlage-ausgleich-ueber-die-ahv-ld.1386154

15.05.2018

The Economic Affairs and Taxation Committee of the Council of States (EATC-S) has advocated an overall concept with four central elements for the Steuervorlage 17 (SV 17):

  • Instead of an increase in family benefits, every franc lost in tax due to the SV 17 at all three levels is to be offset with a franc going towards the financing of the AHV. The reciprocal financing is to be realised by three additional per mille deducted from wages, the allocation of the entire additional percent of VAT and an increase in the federal contribution.
  • Qualified dividends are to be taxed at least 50 percent at cantonal level and 70 percent at federal level.
  • The capital contribution principle is to be adjusted by introducing a repayment scheme (proportionality principle).
  • The deduction on self-financing (so-called interest-adjusted profit tax, NID) shall not be permitted in principle; however, with the exception of an optional regulation for high-tax cantons.

23.03.2018

Are SMEs the winners or the losers of the Steuervorlage 17? This depends on the canton. The NZZ article published on 23 March 2018 attempts to divide the cantons into five groups depending on the additional or reduced burden on SMEs. But this division is still subject to uncertainty, as the available figures from the cantons are in most cases only declarations of intent by the governments.

https://www.nzz.ch/wirtschaft/was-die-steuerreform-fuer-die-kmu-bedeutet-ld.1368666?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BzZNPpR%2F2SQGeFRA4WD9GwA%3D%3D

21.03.2018

The Conference of Cantonal Directors of Finance (FDK) supports the message on the Steuervorlage 17 (SV17) presented by the Federal Council on 21 March 2018. It stated that the bill is both important and urgent. The conference sees everything being on the right track because the message took the central concerns following the rejection of the CTR III on 12 February 2017 into account. The FDK also writes that the cantons are playing with open cards and now wants to analyse the tax policy details of the message further and bring possible proposals to the parliament's attention.

https://www.nzz.ch/wirtschaft/was-die-steuerreform-fuer-die-kmu-bedeutet-ld.1368666?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BzZNPpR%2F2SQGeFRA4WD9GwA%3D%3D

21.03.2018

At its meeting on 21 March 2018, the Federal Council passed the message on the Steuervorlage 17. To a large extent, it corresponds to the benchmarks set by the Federal Council on 31 January 2018 following intensive discussions with the most important players. The Federal Council considers the SV17 to be a balanced compromise, which is supported equally by the cantons and the towns and municipalities. Alongside the message, the results of a survey examining the cantonal implementation plans were published. In the best case, the parliament can adopt the SV17 in the autumn session. If no referendum is held, the first measures could come into force at the beginning of 2019 and the main body of the measures in 2020.

https://www.efd.admin.ch/efd/de/home/dokumentation/nsb-news_list.msg-id-70181.html

https://www.nzz.ch/meinung/ein-zweites-scheitern-liegt-nicht-drin-ld.1368268

16.03.2018

The whole of Switzerland is supposed to benefit from the implementation of the Steuervorlage 17. But some cantons will find it difficult to remain attractive to companies, as the NZZ article published on 16 March 2018 emphasises. After all, the tax instruments made available to the cantons by the Federal Council are essentially tailored to the needs of mobile corporations, and thus mainly the cantons with a large proportion of tax-privileged companies benefit.

https://www.nzz.ch/schweiz/den-kantonen-droht-die-zweiklassengesellschaft-ld.1365163

02.02.2018

At a plenary assembly, the Conference of Cantonal Finance Directors (FDK) discussed the key points for the message on the Steuervorlage 17, which was published by the Federal Council on 31 January 2018, with representatives of the Swiss Association of Municipalities (SGV), the Swiss Association of Cities (SSV), the Conference of Municipal Finance Directors (KSFD) and Federal Councillor Ueli Maurer. According to a press release of the FDK, the participants confirmed the importance and urgency of the SV17 and therefore support a swift action of the Federal Council. They expect that the parliament will pass the SV 17 in the autumn session of 2018. In addition, the participants very much welcomed that the Federal Council had returned to its original decision and plans to increase the cantonal share of the direct federal tax to 21.2 percent.

http://www.fdk-cdf.ch/-/media/FDK_CDF/Dokumente/Themen/Steuerpolitik/Unternehmensbesteuerung/180202_SV17_Eckwerte_BR_MM_FDK_SGV_SSV_DEF.pdf?la=de-CH&utm_source=taxlawblog.ch+-+Newsletter&utm_campaign=0ce3acc220-taxlawblog_newsletter&utm_medium=email&utm_term=0_fc3524b9e0-0ce3acc220-74964627

02.02.2018

By the end of January, the cantons had to declare their intentions regarding the cantonal implementation of the Steuervorlage 17. More than 20 cantons are planning to reduce the ordinary income tax rate in response to the abolition of cantonal tax privileges. Additionally, at least half of the cantons want to «sweeten» their tax reforms with social measures such as the additional reduction of health insurance premiums or the increase of child benefits. At national level, the Federal Council's proposal to raise the minimum standard for child benefits is not likely to find a lot of support. An alternative to this, which has already been discussed, would be to restrict the possibility for companies to repay capital contributions to shareholders free of tax, which was introduced in 2011. The Canton of Zurich's request for a tax deduction for interest on equity capital is also likely to be submitted to parliament.

https://www.nzz.ch/schweiz/die-meisten-kantone-wollen-die-gewinnsteuern-senken-ld.1353853

31.01.2018

At its meeting on 31 January 2018, the Federal Council determined the benchmarks for the message on the Steuervorlage 17. The message strongly follows the consultation draft, but with an important deviation: The

Federal Council wants to increase the cantonal share of the direct federal tax from 17 to 21.2 percent rather than 20.5 percent. Otherwise, the Federal Council adheres to the central guidelines. The Federal Department of Finance (FDF) will now prepare the message and an estimate of the dynamic financial impacts of the SV17 on the Confederation and the cantons by the end of March.

https://www.estv.admin.ch/estv/de/home/die-estv/medien/nsb-news_list.msg-id-69666.html

11.01.2018

Federal Councillor Ueli Maurer informed the Federal Council about the current status of the Steuervorlage 17 (SV17) at its meeting on 10 January 2018. The consultation process showed that the bill will remain politically demanding and that a high willingness to compromise from all parties involved is necessary if a viable majority is to be achieved. For the Federal Council, the need for action in the area of corporate taxes is and remains urgent. The FDF will submit the message to the Federal Council in spring 2018, so that parliamentary deliberations can already be concluded in the autumn session of 2018. If no referendum is held, the SV17's first measures could come into force at the beginning of 2019 and the main part of its measures in 2020.

https://www.nzz.ch/wirtschaft/zitterpartie-fuer-die-steuerreform-ld.1346724

07.12.2017

The consultation process on the Steuervorlage 17 ended on the 6th of December. However, the ideas and opinions regarding the new reform still differ widely. The article published in the NZZ lists the different positions of the parties and business representatives:

https://www.nzz.ch/schweiz/auch-die-neue-steuerreform-hat-einen-schweren-stand-ld.1336697

24.11.2017

The Conference of Cantonal Finance Directors (FDK) largely supports the submission regarding the Steuervorlage 17 (SV17), according to its statement on the consultation draft from 24 November 2017. But it still calls for an increase of the cantonal share in the direct federal tax to 21.2 percent instead of 20.5 percent. In addition, the FDK is also in favour of giving the cantons the possibility of introducing an interest rate adjusted profit tax at cantonal level.

Opinion on the consultation draft: http://www.fdk-cdf.ch/-/media/FDK_CDF/Dokumente/Themen/Steuerpolitik/Unternehmensbesteuerung/171124_SV17_Vl_Stn_FDK_DEF_UZ.pdf?la=de-CH

Press release: http://www.fdk-cdf.ch/-/media/FDK_CDF/Dokumente/Themen/Steuerpolitik/Unternehmensbesteuerung/171124_SV17_Vl_Stn_MM_FDK_DEF.pdf?la=de-CH

08.11.2017

On 6th of December the consultation process on the Steuervorlage 17 ends and the expectations of the various parties still diverge widely. The main sticking points are still the increase in dividend taxation and the abolishment of the notional interest deduction (NID). Representatives of small and medium-sized companies, which are often family owned in Switzerland, are particularly opposed to an increase in dividend taxation. The Canton of Zurich is not happy with the bill either, as Zurich companies would have benefited most from the NID. Now one hopes for a "capital interest deduction light", which shall not be valid in the whole of Switzerland, but shall be available to the cantons as an optional instrument. The Zurich

Chamber of Commerce has drawn up a proposal on how such an instrument could look like. Now, however, the municipal and the cantonal financial directors still have to reach an agreement in order for such a "Lex Zürich" to have a chance.

https://www.nzz.ch/schweiz/droht-der-neuen-steuerreform-der-plan-c-ld.1326982

08.09.2017

The Conference of Cantonal Finance Directors (FDK) welcomes the rapid adoption of the draft consultation regarding the Steuervorlage 17 (SV17) by the Federal Council in its press release from 6th September 2017. The direction of the proposal is generally considered satisfactory. However, the FDK adheres to its criticism of the canton's share of the direct federal tax, which is to be increased to only 20.5 percent instead of 21.2 percent.

http://www.fdk-cdf.ch/-/media/FDK_CDF/Dokumente/Themen/Steuerpolitik/Unternehmensbesteuerung/170906_SV17_Vl_Erffnung_MM_FDK_DEF.pdf?la=de-CH

07.09.2017

The NZZ comments on the Federal Council's consultation draft regarding the Steuervorlage 17.

https://www.nzz.ch/meinung/reform-der-firmensteuern-der-haertetest-fuer-plan-b-steht-noch-bevor-ld.1314834

06.09.2017

The Federal Council opens the consultation process on the Steuervorlage 17. At the same time as the law, two regulations (specification of the patent box and concretisation financial equalisation scheme) will also be included in the consultation process. The consultation process will end on the 6th of December 2017 and the Federal Department of Finance (FDF) plans to submit the message to parliament to the Federal Council in the spring of 2018.

https://www.newsd.admin.ch/newsd/message/attachments/49578.pdf 

https://www.nzz.ch/schweiz/steuern-bundesrat-konkretisiert-neuauflage-der-unternehmenssteuerreform-ld.1314728

01.09.2017

The consultation process concerning the Steuervorlage 17 starts in early September. It is supposed to last three months. At http://steuervorlage.ch/ you can find informative videos and infographics about the tax reform.

12.06.2017

The Federal Council adopted benchmarks for the Steuervorlage 17 on the 9th of June. One of the points raised proposes to increase the cantonal share of the direct federal tax to only 20.5 %, instead of 21.2 %. The board of cantonal financial directors has taken note of this decision from the Federal Council with surprise and incomprehension. Due to this decision by the Federal Council, the Cantons have less scope of action for securing the tax revenue of mobile status companies. According to the board of cantonal financial directors, this plan endangers the balance of the bill and does no longer respect the fiscal federalism. In this light, the board of cantonal financial directors will work to ensure that the cantonal share of the direct federal tax will be set at 21.2 % again during the consultation process.

http://www.fdk-cdf.ch/-/media/FDK_CDF/Dokumente/Themen/Steuerpolitik/Unternehmensbesteuerung/170612_SV17_Eckwerte_BRB_FDKV_Stn_MM_DEF.pdf?la=de-CH

09.06.2017

The Federal Council discussed a tax policy agenda and has thereby adopted the benchmarks for the Steuervorlage 17. In the course of this, the Federal Council has instructed the Federal Department of Finance (FDF) to submit a SV17 consultation draft by September. The Federal Council expects to discuss the dispatch on the SV17, together with the dispatch on the reformof the taxation of spouses in spring 2018.

https://www.admin.ch/gov/de/start/dokumentation/medienmitteilungen.msg-id-67009.html

07.06.2017

Comment on the recommendations for the corporate tax reform by Heinz Tännler, state council and financial director of the Canton of Zug and member of the steering body for the Steuervorlage 17.

https://www.nzz.ch/meinung/steuervorlage-17-politische-gesamtbetrachtung-gefragt-ld.1299683

01.06.2017

01.06.2017

Steering body adopts recommendations for the Steuervorlage 17.

https://www.estv.admin.ch/estv/de/home/die-estv/medien/nsb-news_list.msg-id-66912.html

Comparison between the corporate tax reform III and the new Steuervorlage (SV17).

https://www.srf.ch/news/infografik/usr-iii-und-steuervorlage-17-im-vergleich

30.05.2017

Critical article about a possible waiving of the notional interest deduction in the Steuervorlage 17.

https://www.nzz.ch/meinung/unternehmenssteuerreform-aus-der-finanzkrise-nichts-gelernt-ld.1298254

20.05.2017

13.05.2017

A self-critical evaluation of the CTR III-voting campaign by Economiesuisse.

https://www.economiesuisse.ch/de/artikel/nachanalyse-der-usr-iii

12.05.2017

NZZ-article about the current situation regarding the planning of the "Steuervorlage 17".

https://www.nzz.ch/schweiz/schmiermittel-fuer-die-steuerreform-50-franken-fuer-die-kinder-ld.1292669

25.04.2017

NZZ-article about the proposals presented by the SP for key points of a new reform package. The reactions to those suggestions were ambivalent.

https://www.nzz.ch/schweiz/unternehmen-kampf-um-die-steuerreform-ld.1288620

24.04.2017

The SP announced various suggestions on how a reciprocal financing in the «Steuervorlage 17» could look like.

https://www.sp-ps.ch/de/publikationen/espress/die-korrektur-der-usr-ii-muss-zwei-gegenfinanzierungen-bringen

21.04.2017

12.04.2017

In its article, the „Neue Luzerner Zeitung“ considers the question of how the no to the CTR III has affected the establishment of new and the behaviour of existing companies in the canton of Zug.

http://www.luzernerzeitung.ch/nachrichten/zentralschweiz/zug/Viel-Erklaerungsbedarf-nach-USR-III-Nein;art9648,1008079

11.04.2017

There is a broad consensus among the political parties, the cities, the communities, the churches and the economy regarding the necessity and the goals of the “SV17”. Restoring the international acceptance, maintaining Switzerland’s attractiveness as location for multinational companies and ensuring the tax revenue of the federation, the cantons and the communities are the uncontested goals of the “SV12”.

https://www.efd.admin.ch/efd/de/home/dokumentation/nsb-news_list.msg-id-66341.html

31.03.2017

On the occasion of the BDO-tax conference of the 31th of March 2017 in the Swiss Museum of Transport Lucerne, Federal Council Ueli Maurer, state council of Basel Eva Herzog and CVP party chairman Gerhard Pfister discussed the strategy of elaborating the new “Steuervorlage 17”.

http://www.luzernerzeitung.ch/nachrichten/wirtschaft/Erstes-Podium-zum-zweiten-Anlauf;art9642,1001371

17.03.2017

Federal Council Ueli Maurer takes part in the G20 finance ministers meeting in Baden Baden. Thereby, he made it clear that Switzerland is still determined to fulfil its international obligations regarding tax policy and that they are already working intensively on a new edition of the CTR III (new Steuervorlage 17).

https://www.efd.admin.ch/efd/de/home/dokumentation/nsb-news_list.msg-id-66034.html

02.03.2017

The Federal Department of Finance pursues the Corporate Tax Reform III (CTR III) under the new title «Steuervorlage 17» (SV17). Furthermore, the FDF wants to closely include cities as well as communities in the process of the new «Steuervorlage 17».

https://www.estv.admin.ch/estv/de/home/die-estv/medien/nsb-news_list.msg-id-65885.html

01.03.2017

Guest article by Philipp Roth: The European Council assessed the state of relations between the EU and Switzerland and commented, among other things, on the popular vote about the Corporate Tax Reform III.

https://www.taxlawblog.ch/2017/03/01/europäischer-rat-äussert-sich-zu-den-beziehungen-mit-der-schweiz/

27.02.2017

In a press release, the state council of the canton of Zug demands a quick solution. The Federal Council and the Parliament shall be aware of their responsibility for the wealth of the country. Now, political policies are required, not party politics.

https://www.zg.ch/behoerden/finanzdirektion/steuerverwaltung/unternehmenssteuerreform-iii

24.02.2017

22.02.2017

The Federal Council has recently instructed the Federal Department of Finance to elaborate a new submission, which will presumably be presented in June 2017.

https://www.srf.ch/news/schweiz/die-steuerreform-geht-in-eine-neue-runde

15.02.2017

It is clear that the special regimes will be abolished. However, it is uncertain which compensatory measures will be included in the second submission.

https://lnkd.in/gw3WccV

03.02.2017

Besides Switzerland, also other countries are adapting their tax regime because of the international pressure.

https://lnkd.in/gQHC9Sy