The vote the control template 17 is for even hardened tax expert a challenge. The corporate taxation is more complicated, for most companies, but also more attractive. The formation of opinions on this complex template requires answers to the following eight questions.
Why do we need this tax reform, anyway?
Until today, Switzerland offers tax privileges for Holdings and mixed companies. These companies produce nothing in Switzerland, to manage money and investments – including from large corporations. This can save abroad taxes . The privileges will now be on 1. January 2020 abolished under international pressure. The Swiss people agreed to the abolition in the 19th century. May 2019 with a two-thirds majority. At the same time it is granted, but a whole series of measures, which are intended to prevent the emigration of the privileged companies. The speech box is a "tool", with which the cantons in their tax laws may adjust. This is now done with the control template 17. Among other things, it comes to new deductions. They are tailored to the privileged company, but must apply to all in the Canton of Zürich-based company.
What is the status of mixed companies and Holdings in the Canton of Zurich?
In the Canton of Zurich there are 2060 such companies. Though you are privileged to be taxed, delivered three years ago 336 million francs in taxes. In 2016, the tax is 18 percent of the entire company. These companies would leave the Canton of Zurich, lost 6000 jobs. If you don't get the "tools" of the control template 17, you would have to pay from next year, two to three times more in taxes. It is possible that in the light of these Figures, a number of companies would move away, either abroad or in other regions of the country. In most of the other cantons, tax were decided reductions for companies.
What deductions are possible?
The control template 17 provides for a reduction in the company tax rate from 8 to 7 percent, which is in comparison with other cantons, little. All possible tools should be used for tax optimisation to the maximum. Patentbox: profits from the company's own patents can be deducted for tax purposes up to 90 percent of the tax. 10 percent of need according to Federal guidelines taxed as gain from the Patent at least. Among the tax experts, the discussions, what exactly as a Patent-winning run currently. Deduction for research and development: investment in research can be deducted newly to be 150 per cent, well here it is, the maximum allowable deduction amount. Deduction for equity financing Because interest payments on debt are deductible to firms can also make equity a notional interest deduction. This deduction is allowed only in the cantons, where the entire tax burden of the company falls below 18 percent. In the Canton of Zurich, it is also with the control template 17 about 19 percent.
Can deductions be higher than the profits?
in theory, Yes. Then companies would have to pay no income taxes. In order for this to not happen, has a built-in of the Federal a barrier: 30% of the profits to be taxed. Here, too, have chosen the government and the cantonal Parliament for the minimum possible limit. Requests for a lock at 60, or 50 percent of the profits were rejected.
the company's taxes in the future, be further reduced?
Maybe. The government wants to lower the corporate tax rate, after the vote by a further one percent. Thus, the total tax burden would be only just over 18 percent. Through this reduction there would most likely be a further referendum.
How much the taxes were?
This is uncertain, since no one can say how many companies would move. According to the estimates of the financial administration, it could be 550 million Swiss francs. However, she also expects 105 million Swiss francs in revenue from the formerly privileged companies that stay here and pay more. In addition, the Canton will receive to compensate more money from the Federal direct tax. Which means, once again, 180 million Swiss francs and more revenue.
Why is the red-green Zurich city Council for a Yes?
first, it is the recognition that compensation measures are necessary in order to keep Holdings and mixed companies in the Canton. Secondly, it is to compensate for the concession of the Canton, cities, and municipalities a large part of the tax losses. The Canton will increase its share of the supplementary benefits and more money in the financial balance zeroing. In addition, the Canton is said to support the most affected municipalities during four years, with a further 20 million francs. The government's announcement of a further tax rate reduction is not supported by the Zurich city Council, however, is not (yet).
the middle class Will have to plug the holes in the state coffers?
opponents argue the. It is actually not excluded that the SME plug the holes and the relief the company needs to Finance. Whether the tax burden for the middle class is increasing, but mainly by the economic situation. Sure is, that there is no social compensation for the middle class. An increase in the family allowance was rejected in the Parliament.
Created: 06.08.2019, 13:42 Uhr