Representatives of Swiss businesses met last Friday with a delegation from the TAXE special committee of the European Parliament in Berne. The subject of the meeting, which took place at the invitation of the EU delegation, was an exchange on corporate taxation issues, particularly tax rulings. The business representatives had the opportunity to present the Swiss tax system objectively to the delegation.
Markus Neuhaus (member of the Board of economiesuisse, Chairman of the Board of Directors of PwC and Head of the Taxes Expert Group at EXPERTsuisse) set out the fundamental principles and practice of the ruling procedure in Switzerland. Preliminary tax rulings are issued in Switzerland within the framework of the applicable tax legislation in order to provide companies with planning security and simplify tax assessments for the authorities. Under the 1948 concordat between the cantons, tax deals that give unjustified tax benefits are prohibited.
Preliminary rulings based on incomplete information are not binding for the tax authorities. A Code of Conduct between the tax authorities, taxpayers and advisory services ensures a fair, professional procedure.
Read the whole press release of economiesuisse in German and in French.
The winner of the 60th Eurovision Song Contest in Vienna will be decided professionally and fairly. For this reason PwC will be checking in its capacity as an independent observer the counting of the votes in both of the semi-finals and grand final on 23 May 2015. Each year PwC works in collaboration with the European Broadcasting Union (EBU) to improve the voting process developed especially for the contest.
Read our press releases in German and French.
CTR III is a consequence of the tax dispute between Switzerland and the EU and a response to the internationalisation of tax competition. In the face of increasing pressure, Switzerland relented and reached an agreement with the EU, under which it must align its corporate taxation with international standards. Specifically, this involves the equal treatment of foreign and domestic income, the abolition of tax benefits for certain types of companies and the reconsideration of tax reliefs.
With CTR III, the Swiss Federal Council has laid the foundations for Switzerland as an attractive business location. The new system is intended to strengthen Switzerland´s position as a competitive tax location and a reliable partner for domestic and international groups and Swiss SMEs. This should help to create and maintain attractive jobs and to consolidate the prosperity of Swiss society. In addition, the system seeks compliance with international standards and the safeguarding of a balanced corporate tax base.
Read more in our position paper.
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PwC is an active member of the international HeForShe movement. It has committed to the IMPACT 10x10x10 program for gender equality. The solidarity movement became known through the moving speech by Emma Watson, UN Women Goodwill Ambassador, at this year's World Economic Forum in Davos. But it should not stop there.
PwC is one of the first ten companies in the world to implement three specific measures to strengthen the role of women in the workplace and in society.
First: PwC is evaluating the number of women in leadership roles and increasing this on an ongoing basis using a newly developed Global Inclusion Index.
Second: PwC is developing an innovative global program to empower men as gender equality advocates.
Third: PwC is actively committed to the HeForShe campaign - both within and outside of the PwC network.
Find out more about our commitment to the HeForShe movement in our CEO Insights Blog.