Position paper of PwC Switzerland
CTR III is a consequence of the tax dispute between Switzerland and the EU and a response to the internationalisation of tax competition. In the face of increasing pressure, Switzerland relented and reached an agreement with the EU, under which it must align its corporate taxation with international standards. Specifically, this involves the equal treatment of foreign and domestic income, the abolition of tax benefits for certain types of companies and the reconsideration of tax reliefs.
With CTR III, the Swiss Federal Council has laid the foundations for Switzerland as an attractive business location. The new system is intended to strengthen Switzerland’s position as a competitive tax location and a reliable partner for domestic and international groups and Swiss SMEs. This should help to create and maintain attractive jobs and to consolidate the prosperity of Swiss society. In addition, the system seeks compliance with international standards and the safeguarding of a balanced corporate tax base.
Read more in our position paper.
If you have any further questions please contact:
Partner, Leader Tax & Legal
+41 58 792 44 72
Partner, Leader Corporate Tax
+41 58 792 43 43
Director Corporate Tax
+41 58 792 59 38
Partner Tax & Legal Romandie
+41 58 792 83 17
Director Tax & Legal
+41 58 792 68 69
Senior Manager Tax & Legal Romandie
+41 58 792 67 81
Partner, Leader Transfer Pricing and
Value Chain Transformation
+41 58 792 43 34