In a letter to the Committee for Economic Affairs and Taxation of the National Council dated 28 June 2018, the Conference of Cantonal Finance Directors (FDK) expressed its overall support for Tax Bill 17 (SV 17) adopted by the Council of States (see our contribution dated 10 June 2018). This was after the Finance Committee of the National Council spoke out in favour of a counter-financing of SV 17 through the increase in value added tax and rejected an increase in wage contributions (cf. our contribution of 30 June 2018).
In its letter, the FDK stresses the urgency of the submission in terms of content and time. On the substance, it welcomes the proposals of the Council of States, in particular
- Linking the SV 17 with parts of the AHV bill, as this could help the tax reform to achieve a breakthrough;
- The increase in the partial taxation of dividends by the federal government to 70%;
- The adjustment to the capital contribution principle with a sense of proportion;
- The optional deduction for self-financing, whereby the commitment to a minimum taxation is rejected by the FDK.
The FDK pleads for the bill to be adopted in the autumn session 2018, so that the first parts of the reform could come into force on 1 January 2019 and the main part on 1 January 2020.
The letter of the FDK is available here.
