| News
Basel leads in international tax competition
20.12.2019
The canton of Basel-Stadt offers one of the world’s most attractive tax burdens for companies, according to the latest BAK Taxation Index. With an effective tax burden of 11 per cent, it has ranked seventh in the world for the first time.
Basel with Roche and Messe towers (img: Adriano Biondo)
The economic research institute BAK Economics has published the BAK Taxation Index 2019, which compares the tax burden on companies worldwide. The canton of Basel-Stadt has secured seventh place thanks to the significant tax cuts made within the corporate tax reform. Its effective tax rate is now 11 per cent (8.6 percentage points lower than previously).
The index shows that the Swiss cantons overall are still very well positioned in the international tax competition. According to BAK Economics, this is despite the fact that competition has significantly stepped up since the last index in 2017.
Alongside Basel-Stadt, Nidwalden, Lucerne, Appenzell Ausserrhoden and Obwalden are in the top seven. Hong Kong took the top spot. The international average for effective tax burden is 26.4 per cent, according to BAK. In Switzerland the value is more than 10 percentage points lower at 15.6 per cent.
Share this article
Sign up to receive our newsletter in your inbox.
You might also be interested in
biGENIUS receives 2 million euros for new cloud product
Opterion Health secures investment of 6.5 million Swiss francs
TOLREMO receives 39 million US dollars in investments
Mazars opens tenth Swiss office in Basel
Medtech in Switzerland – bringing together traditional skills and hightech industry
