Maintaining fiscal attractiveness through healthy competition, good relationships and digitalisation
Switzerland’s economy is able to remain competitive because of attractive tax rates, efficient administration and a unique climate of mutual trust between taxpayers and tax authorities. Global tax competition is under increasing pressure by calls for fairness in international taxation with the OECD working on reforms that would undoubtedly negatively affect Switzerland. On the international stage, the government needs to take action to defend its tax position with a coalition of smaller economies. At home, it must remain fiscally attractive and efficient through pragmatic tax legislation, healthy competition between cantons and business-oriented tax authorities. Companies must crucially maintain a good relationship with tax authorities, both domestic and international, remain transparent and make greater use of digital technologies to boost efficiency of their tax departments.
Here are what policymakers and businesses need to do to help Switzerland power up its tax position, domestically and abroad, to maintain attractiveness for its citizens, expats and multinationals.