Switzerland

Details

  • Service: Tax, Corporate Tax, Legal, Company Law and M&A
  • Type: Business and industry issue
  • Date: 2/1/2012

First experiences with the Capital Contribution principle 

After almost one year under the regime of the new law regarding the capital contributions, it may be worth to have a first look at the experiences gained in connection with the change from the principle based on the nominal amount to the principle based on the capital contributions.
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Politicians urge the parliament to release measures in order to reduce the unexpected tax losses in the area of the capital contribution principle. Currently there are two proposals debated:

 

The first proposal consists of changes in the corporate law with the effect that capital contributions shall generally be banned from repayment to the shareholders and the second proposal consists of changes in tax law with the effect that repayments to the shareholders under the capital contribution principle shall only be allowed after all other (not privileged repayments to the shareholders) have been exhausted (Priority rule).

 

German and French versions of the publication entitled "Chancen und Risiken rechtlicher Neuerungen 2011/12" may be ordered from Schulthess Verlag.

 

Publication in German.
 

Opportunities and Risks of Legal Changes 2011/2012

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The yearly published book «Chancen und Risiken rechtlicher Neuerungen» provides an overview of key developments in the Swiss law.

Company Law and M&A

KPMG`s Legal unites in the practice „Company Law and M&A” several fields of law that in the day-to-day running of a business often appear in combination.

Corporate Tax

Corporate tax is an integral part of a corporation's financial management. The purpose of tax planning as part of a company's overall business strategy is to avoid tax risks and benefit as much as possible from tax opportunities.