“Zurich, Switzerland’s largest city and financial hub, may cut its corporate tax rate nearly in half if foreign firms lose fiscal benefits amid EU pressure, the regional financial chief said on Tuesday.    By doing so, Switzerland’s economic centre would aim to convince foreign companies to remain in the canton even if Switzerland bows to EU pressure and alters a system allowing such firms to pay less taxes than Swiss companies.  The Zurich proposal follows a similar proposal presented in Geneva last week, suggesting that Switzerland’s second-largest business hub should cut its corporate tax rate from around 24 to 13 percent.”

http://www.thelocal.ch/page/view/zurich-eyes-halving-corporate-tax-minister

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