Wednesday , June 19 2019
Breaking News
Home / International Customs / Switzerland / Switzerland votes ‘yes’ to overhaul corporate tax rules
Switzerland votes ‘yes’ to overhaul corporate tax rules

Switzerland votes ‘yes’ to overhaul corporate tax rules

Switzerland has approved an overhaul of the corporate tax code, choosing to stay an attractive base for companies such as Procter & Gamble, Vitol and Caterpillar even at the expense of a short-term drop in fiscal revenue.

The change was approved by 66pc of voters, according to a projection published by Swiss television SRF. A poll by gfs.bern had suggested it would pass.