At its meeting on 3 September 2018, the Committee for Economic Affairs and Taxes of the National Council (WAK-N) approved Tax Bill 17 (SV17) by a narrow majority.
According to a press release dated 4 September 2018, the WAK-N approved the SV17 in the overall vote by an extremely narrow margin of 12 votes to 11 with 2 abstentions. Already on August 13, the WAK-N had discussed a large part of the SV17 (see our contribution of August 19, 2018) and was now also able to clear the remaining motions.
The detailed deliberations of the WAK-N have thus been completed and the matter will be discussed in the National Council on 12 September. The corresponding flag for the National Council can be downloaded here.
The WAK-N largely followed the draft of the Council of States. Only in the case of the capital contribution principle (CEP) does the majority of the commission request a change from the draft of the Council of States. Consequently, the WAK-N had adopted a motion exempting capital contribution reserves of associated companies that were created after the vote on USR II from the repayment rule. In addition, the majority of the Commission requested that the exemption for newcomers also apply to the partial liquidation rule and to cross-border mergers and restructuring.
Further details can be found in the WAK-N press release. The overview of parliamentary business "Tax submission 17 (18,031)" is available here.
