Surprising Plus in Schwyz brings tax reduction to the Plan

At a cost of 1,517 billion Swiss francs in the state includes bill 2018 of the Canton of Schwyz, with a surplus of 107,4 million Swiss francs. Budgeted at a Surplus of 12.8 million Swiss francs. The bill was, therefore, almost 95 million Swiss francs to better than budgeted.

For the better result, both the effort - as the revenue side have contributed. The expense items were a total of around 30 million Swiss francs lower than budgeted. In addition, the Canton has invested less than planned.

in Addition, the Canton took around 65 million Swiss francs more than estimated. More money received Schwyz from the Federal government: the share of the income from the direct Federal tax and the withholding tax were to be higher, the same is true for the distribution of the national Bank. The Canton could enjoy but also control a further increase of the control substrate in the case of the income and assets, informed the Department of Finance.

The Department of Finance, the financial situation referred to as excellent. The financial statements in 2018 and is the fourth positive result in a row. The Canton have a solid equity of 290 million Swiss francs.

The future financial challenges could be addressed with Confidence, informed the Department of Finance. The output is able to leave Potential for further tax reductions and targeted optimizations and relief.

The Canton of Schwyz has already been reduced to the year 2019, the Tax rate, from 170 to 160 per cent. Is budgeted for the current year, a deficit of 13 million Swiss francs. The detailed results for the year 2018, the government intends to introduce at the end of March. (sda)

Created: 13.03.2019, 09:19 PM