The board: duty calls

The international tax landscape in flux: what a member of the board needs to know

This brochure is designed to help you as you steer your organisation through a complex tax landscape.

the boardWith growing calls for transparency and tax justice vying with the demands of intense tax competition, the Swiss economy and the players within it face major challenges. In this brochure we review the most important tax developments in Switzerland and internationally and summarise those we consider to be very relevant for a member of the board.

We wish you stimulating reading!

Access the brochure here

If you have questions, please contact Andreas Staubli or Urs Brügger.

 

The board: duty calls

The international tax landscape in flux: what a member of the board needs to know

This brochure is designed to help you as you steer your organisation through a complex tax landscape.

With growing calls for transparency and tax justice vying with the demands of intense tax competition, the Swiss economy and the players within it face major challenges. In this brochure we review the most important tax developments in Switzerland and internationally and summarise those we consider to be very relevant for a member of the board.

We wish you stimulating reading!

Access the brochure here

18th Annual Global CEO Survey: Taxing times for global business

Despite evidence that governments around the world are reducing tax costs and compliance, these efforts are not being felt by CEOs. Here we explore some of the reasons for the disparity.
ceo-survey-taxing-times-th
PwC’s 18th Annual Global CEO Survey
reveals that seven in 10 CEOs are still concerned about the increasing tax burden borne by their businesses – some 15 percentage points higher than the levels of anxiety seen in 2012.

These high levels of concern are despite the trends seen in the annual PwC / World Bank Group study, Paying Taxes: The Global Picture, which suggest a different story. The most recent study shows that not only has the global average Total Tax Rate for a typical medium sized company fallen by 1.3 percentage points, but so too has the compliance burden, measured by the average time it takes a case study company to comply with its tax responsibilities and the number of tax payments required to be made. Indeed, all three of these sub-indicators have shown a steady downwards progression over the past decade. So why is there such a mismatch?

Explore CEOs perspectives and what business and government can do.

Read more…

The impact of Swiss Corporate Tax Reform III (CTR III)

Position paper of PwC Switzerland

Background

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.

Objectives

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:

Andreas Staubli
Partner, Leader Tax & Legal
andreas.staubli@ch.pwc.com
+41 58 792 44 72
Armin Marti
Partner, Leader Corporate Tax
armin.marti@ch.pwc.com
+41 58 792 43 43
Laurenz Schneider
Director Corporate Tax
laurenz.schneider@ch.pwc.com
+41 58 792 59 38
Claude-Alain Barke
Partner Tax & Legal Romandie
claude-alain.barke@ch.pwc.com
+41 58 792 83 17
Remo Küttel
Director Tax & Legal
remo.kuettel@ch.pwc.com
+41 58 792 68 69
Gil Walser
Senior Manager Tax & Legal Romandie
gil.walser@ch.pwc.com
+41 58 792 67 81
Benjamin Koch
Partner, Leader Transfer Pricing and
Value Chain Transformation
benjamin.koch@ch.pwc.com
+41 58 792 43 34