Daily Tax Report: International

Switzerland Looks to Boost Corporate Debt Market With Tax Reform

April 3, 2020, 1:44 PM

The Swiss government wants to make it more attractive for companies to issue bonds via a withholding tax exemption on interest-bearing investments, according to statement.

  • Change will mean a one-time decline in tax receipts of CHF750m
  • Won’t have any budgetary impact, as provisions have already been made
  • Govt expects reform to be self-financing in roughly 5 years, and deepening capital market will have positive knock-on effects
  • NOTE: Proposal still needs approval by parliament

To contact the reporter on this story:
Catherine Bosley in Zurich at cbosley1@bloomberg.net

To contact the editor responsible for this story:
Jan Dahinten at jdahinten@bloomberg.net


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