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Swiss Economic Affairs and Taxation Committee Rejects Tonnage Tax Proposal

|Proposed Changes|Switzerland
Switzerland

The Economic Affairs and Taxation Committee of the Swiss Council of States (upper house of parliament) has recommended that the draft bill for a new federal tonnage tax should not be taken up for further consideration. As previously reported, the draft bill was approved by the Swiss Federal Council in May 2022 and provides for the introduction of a tonnage tax regime that allows profits from th…

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