Report on Capital and Wealth Tax Reform Options
Tabea Lorenz
On 22 November 2023, the Federal Council adopted a report concluding that a shift in tax revenue from wealth and capital tax to income-based taxes could mitigate the disadvantages of a capital and wealth tax.
Postulate 17.4292 Derder, which was adopted in 2019, called on the Federal Council to prepare a report on possible tax relief and its consequences for capital and wealth tax for fast-growing SMEs. On November 22, 2023, the Federal Council adopted a report that discusses five specific reform options in particular (tax deferral and tax deferral, past-oriented valuation for wealth tax, wealth tax brake, optional capital tax, capital tax brake). The report concludes that the disadvantages of a wealth and capital tax could be mitigated by shifting tax revenue from capital and wealth tax to income-based taxes.
The Federal Council is fundamentally in favor of a shift in tax revenue from substance-based to income-based taxes.
The report "Reducing capital and wealth taxes for fast-growing SMEs" from November 22, 2023 is available here .
The press release dated November 22, 2023 is available here .
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