At its meeting on 24 May 2018, the Commission for Economic Affairs and Taxation of the Council of States (WAK-S) adopts the overall concept for tax bill 17 (cf. our contribution of 16 May 2018), which has already been presented, by 11 votes to 1 and concludes the detailed consultation.
According to the press release, the Commission requests the following points:
- Listed companies may only pay out capital contribution reserves (KER) tax-free if they distribute taxable dividends in the same amount.
- Cantons in whose main location the cumulative tax rate (canton, municipality and any other self-governing bodies) over the entire tariff period is at least 13.5% may introduce a deduction for self-financing (Notional Interest Deduction, NID).
- The cantons may introduce optional tax reductions for equity capital attributable to loans to group companies.
- Qualifying dividends should be taxed at least 50% at cantonal level and 70% at federal level.
- The Commission has made no further changes to the additional AHV financing since its last meeting (see our contribution of 16 May 2018). Accordingly, instead of an increase in family allowances, every franc of tax that is lost through the SV 17 at all three levels is to be counter-financed with one franc to the financing of the AHV (see also the WAK-S concept for financing the AHV).
SV 17 will be discussed by the Council of States on 7 June 2018.
Further information can be found in the press release and the legal flag with the applications of the WAK-S.
