Swiss Voters Reject Bid to Reform Corporate Taxes

Switzerland plans to end tax breaks for multinationals, prompting the government to devise a new strategy to remain competitive. The rejection of the proposed tax reform by voters has sent the government back to the drawing board, with a task force working on a new plan. The economic impact is uncertain, but concerns exist about potential GDP loss. Voters rejected the reform due to fears of increased middle-class burden and cuts to public services. The government aims to draft a new bill by the year's end, though meeting the 2019 international compliance deadline is unlikely.

How do Swiss companies perceive the current tax environment in relation to their long-term investments?

What is the government's plan moving forward regarding corporate tax reform?