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The Zurich Cantonal Council has approved a reduction in the corporate tax rate from 7% to 6%, despite opposition from major cities like Zurich and Winterthur, which fear significant revenue losses. A referendum is expected on May 18, 2025, as the left plans to challenge the decision, citing potential austerity measures and questioning the long-term economic benefits. The canton anticipates a CHF 70 million loss in the first year, while proponents argue that a more favorable tax climate will attract more companies over time.
Jasmin Pokerschnig
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Zurich Canton Council approves corporate tax cut amid city opposition
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09:54 04.11.2024
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