On 27 November 2017, the Government Council of the Canton of Zurich announced its consultation response and its strategy for the subsequent cantonal implementation of Tax Bill 17 (SV17) in a press release.
According to the media release of 27 November 2017, the Government Council considers tax bill 17 (SV17) to be a suitable compromise in place of Corporate Tax Reform III, which was rejected by the people, but is demanding improvements. In particular, there are demands:
- greater financial support from the cantons, towns and municipalities
- the possibility of introducing a deduction for self-financing, i.e. Notional Interest Deduction (NID) at cantonal level
The statement on the consultation and the strategy for the subsequent cantonal implementation of SV17, which was adopted at the same time, were determined in close cooperation and agreement with the City of Zurich and the Association of Mayors.
In addition to its media release, the underlying Government Council Resolution No. 1069/2017 (extract from the minutes of the Government Council of the Canton of Zurich) and a recording of the media conference, the Government Council has published the following documents:
All information and documents are also available here.
In a brief press release dated 24 November 2017, Ernst Stocker, Member of the Swiss Government, expressed his satisfaction with the decision of the Conference of Finance Directors (FDK) to support the Zurich proposal to the Federal Council for an optional deduction for self-financing (interest-adjusted profit tax) at cantonal level (see our contribution of 26 November 2017 as well as the press release and the statement on the FDK consultation of 24 November 2017).
