Swiss Tax e-newsletter - June 2019

Discover the recent tax news in our newsletter! (content in French or German)

Transfer of businesses by succession: a bill with no tax component!

Transmission d'entreprise suisse
SMEs are the lifeblood of our economy. These SMEs account for two thirds of all jobs in Switzerland. About seventy-five percent of these SMEs are family businesses and are particularly concerned with the topic of business succession. (Article in French)

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Tax rulings: Latest developments

Parlement fédéral Suisse ACF
In the application of the law or in practice, the Federal Tax Administration (FTA) or the cantonal tax authorities play a key role in the process of issuing legal information and tax rulings. Recently, in a communication dated 29 April 2019, the FTA clarified the code of conduct for the provision of legal information and rulings in the areas of direct federal tax, withholding tax and stamp duty as well as value added tax. We present you with a summary of the issue. (Article in French)

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Concrete actions against tax evasion

Lutte Evasion Fiscale des multinationales
With the approval of the BEPS Convention by Parliament on 22 March 2019, Switzerland has once again demonstrated its commitment to promoting transparency and creating conditions of fair competition in the taxation of multinational companies. In the absence of a referendum (referendum deadline of 11 July 2019), the BEPS agreement is expected to take effect from 1 January 2020. What are the consequences for Switzerland? (Article in French)

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The digital revolution in today’s tax environment

Consumers' lives have changed considerably over the last few years. It is easy to realize that much of our daily decisions are influenced by the economy of digitalisation. Multinational companies such as Amazon, Spotify, Deliveroo, Netflix, LinkedIn, Uber, Airbnb, BlaBlaCar etc. have changed the way we interact with our economic environment and there seems to be no backtracking. The states represented by the OECD (which make up 93% of global GDP), aware of the need to adapt their fiscal policies to an economy that tends to be fully digitised in a not so distant future, have opened a dialogue on how to face the new challenges.

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