New Tax Proposal Faces Backlash from Swiss Cantons
A proposal from the Swiss Senate’s Finance Commission aims to increase the share of tax revenues that cantons must remit to the federal government. The canton of Zug, home to many multinational corporations, is significantly affected, with financial director Heinz Tännler voicing strong opposition. The proposed change, which complicates a previously agreed distribution of OECD minimum tax revenues, could hinder local tax relief initiatives. The debate over the proposal’s viability is set to unfold during the upcoming winter session related to the army’s budget.