The new edition of Corporate Tax Reform III will be discussed in the committee of the first Chamber in April. The debate will put the global conscience of the Socialist Party, the Greens and the Center parties to the test.
Switzerland is not on the EU's new blacklist of tax havens around the world. Research by Oxfam International and the Tax Justice Network nonetheless shows that this speaks not in favour of Switzerland, but against the EU.
UN Independent Expert Juan Pablo Bohoslavsky has looked into the impacts of Switzerland's fiscal and financial market policies on human rights. His findings are noteworthy. The human rights expert is apprehensive about Tax Proposal 17.
The Swiss Government wants to extend automatic exchange of financial account information on potential tax dodgers selectively to some advanced developing countries. And to G20 members China and Russia. Stormy parliamentary debates lie ahead.
Corporate Tax Reform III was originally meant to eliminate the Swiss corporate tax haven. The notional interest deduction is now thwarting this intention entirely. It is also likely to harm developing countries.
The Apple tax avoidance scandal and the Federal Council's draft Law on Country-by-Country Reporting show that there is no way around publicly accessible corporate reporting by multinational corporations.