Is Switzerland (still) an attractive place for international companies to do business? How is this influenced by the pressure exerted by the EU and the G-20 on corporate taxation in Switzerland? With its recently proposed “Measures to strengthen the competitiveness of the Swiss tax system”, the Swiss Federal Government is seeking to optimize the attractiveness of Switzerland’s tax system while simultaneously promoting international acceptance. We provide an overview of the current state of “Swiss Corporate Tax Reform III” and discuss the extent to which the federal initiative can realistically succeed.
A plus for Switzerland’s attractiveness as a business location is the bilateral free trade agreement signed between Switzerland and China in July 2013. We clarify how the free trade agreement strengthens the competitiveness of Swiss companies and enables them to expand their market presence in China.
In our new series “Audit Committee Handbook”, each issue includes a chapter addressing an aspect of the work of the board of directors or Audit Committee. In this issue, the topic is the membership and chairmanship in the Audit Committee. At the end, you will find comprehensive information for your day-to-day work.
As always, I hope this newsletter provides some interesting and insightful reading!
Head of KPMG’s Audit Committee Institute