The low level of taxes represents a traditional advantage of Switzerland compared to other developed countries in efforts to attract large companies. Moreover, between the Swiss cantons is a continuous "fiscal struggle" for the lure of big investors.
In recent years, more and more entrepreneurs chose to set up companies abroad, wanting to benefit from certain tax or legal advantages, which in some cases may even be favorable to foreign investors.
The Swiss voters approved in a referendum, on May 2019, a tax reform package to eliminate what the Ministry of Finance has called an existential risk for the country role as a financial and business center.
Switzerland is located at the crossroads of several European trade routes, thus relying heavily on external exchange. Today it is one of the largest commodity trading centers in the world.
Switzerland’s Government recently announced its position concerning a long-term solution to the taxation of the digitalized economy
Accounting principles for virtual currencies in Switzerland, regarding the blockchain technology, categories of tokens and the incorporation of companies using cryptocurrencies as capital contributions.