Reply to post: Re: Swiss Miss Incorporation

RISC-V business: Tech foundation moving to Switzerland because of geopolitical concerns

Cavehomme_

Re: Swiss Miss Incorporation

Some facts about Switzerland that may possibly clarify some slight misconceptions:

Corporation tax varies according to Canton, there are very large variations between them. To quote PWC:

"the overall approximate range of the maximum CIT rate on profit, before tax for federal, cantonal, and communal taxes is between 11.4% and 24.2%, depending on the company’s location of corporate residence in Switzerland"

http://taxsummaries.pwc.com/ID/Switzerland-Corporate-Taxes-on-corporate-income

Personal income taxes also vary significantly according to Canton and Commune that one lives. Whilst generally lower than elsewhere in Europe, what those rates omit is that their is no NHS to pay for, and the cheapest private health insurance PER person is around CHF 7000 per annum!!! (USD 7000, GBP 5,500). For a family it's a very big chunk and increasing each year unlike salaries.

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