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The Canton of Zurich, creates new tax privileges for companies

Now it is fixed: The Canton of Zurich gets a new tax law. The Zurich cantonal Parliament has today adopted Monday, the cantonal tax reform. The conservative majority passed sat against the closed resistance of the Left and the Greens. The template was eventually adopted by a 121 to 53.

The law was highly controversial, and the discussion heated. The left-criticized green the template as a "one-sided, unbalanced and of the civil code of the package". According to the Motto "eyes" have used the bourgeois majority in the Council, each hole extensively, in order to reduce corporate taxes, all applications for social mitigation, but rejected, said about Markus Späth (SP, Feuerthalen).

The civil languages, however, of a compromise. "The left of the cities are on Board, this is a balanced compromise," said Hans-Jakob Boesch (FDP, Zurich.) The SP, he threw in the Compromise, the discussion refused. And SVP-member of the Parliament, Marcel Suter (Thalwil) saw confirmed the compromise, as the were not implemented all the requirements of the SVP.

income tax

The new tax law follows closely the template of the financial Director Ernst Stocker (SVP) is reduced. The profit tax is reduced from eight to seven percent. More companies can make deductions different tax assert. For example, you will need to the profits you earn with patented Goods, less tax. More about deductions for self-financing, equity, and research and development are provided. Dividends are only taxed at 50 per cent. For other privileges.

According to the estimates, it is assumed that the Canton with the new law, occupies 275 million Swiss francs less tax. In the case of the municipalities, the projected loss of tax revenue to be around 250 million Swiss francs. The failure of the municipalities to be absorbed by cantonal additional contributions in part.

vote in September

the aim of the Reform is to maintain the competitiveness of the Canton. A migration of companies to be prevented, and the control substrate is obtained, such as financial Director, Stocker said once more.

Since tax reform is subject to the obligatory Referendum, the people have the last word, probably in September. This, however, only if in may, the overarching Federal bill, the tax reform and social security funding (Staf), will be accepted at the ballot box. (sda)

Created: 01.04.2019, 11:30 a.m.

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