Swiss Federal Council proposed an amendment to the tax deduction management, maintenance is easier finance group.
The Council noted that the group created in Switzerland often carry out targeted measures to finance overseas, thus avoiding any deductions that would be related to funding issues, conducted by a group of companies established in Switzerland. The Council added that the Swiss economy as “pass some of the value added in this sector.”
The proposed amendment to the Retention Tax Resolution can affect groups in which the Swiss group companies (guarantor) provides a guarantee for bonds of foreign companies and groups (the issuer), belonging to the same group. According to the amendment, interest payments within the group made Swiss guarantee will no longer be subjected to withholding taxes.
In December 2014, the Federal Council proposed move to a paid agent of the system under which the debtor will transfer all worth paying agent (usually a bank). Implementation of the proposals but has been suspended pending the results of the referendum on popular initiative.
Federal Council announced that its 2014 proposal would solve the issue of improving the financing of the group, and his land, the new measure will increase the attractiveness of Switzerland as a place to do business.