The Federal Council has decided to remove the 1% investment stamp duty charged on capital invested in Swiss companies. This will force Switzerland’s hand once more and eventually require it to raise universal company tax rates. The 1% stamp or capital duty is levied on any money invested in a Swiss company beyond CHF 1 million. The Federal Council argues that the economic boost from removing the duty will cover the revenue lost from phasing out stamp duty. Raising company tax rates to meet the OECD’s new 15% minimum company tax rate in the future could help too.

Source: Le News December 23, 2021 20:50 UTC