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On cantonal level, tax rates varies heavily, Obwalden adapted a 1.8% flat tax on all personal income following a cantonal referendum in 2007. In most cantons, the rate is proportional with a maximum rate of 6.5% in Bern, whereas in Zurich it was 13% and in Geneva 17.58-.76% (depending upon taxes as single or jointly). [22] [23]
Withholding tax (German: Verrechnungssteuer, Italian: imposta preventiva, French: impôt anticipé) is a tax levied at source in Switzerland since 1944 on capital income (particularly interest and dividends), lottery winnings and certain insurance benefits. [1] [2]
Cantonal equalization is governed by each canton. In Switzerland, municipalities have the ability to set their own tax rate. In most cantons, fiscal equalisation is intended to support municipalities with weaker taxation by ensuring balanced conditions in the tax burden of the municipalities (e.g. art. 136 of the Solothurn Cantonal Constitution).
The tax rates given for ... both canton of Geneva) [225] 3.04% (church tax, roman catholic and protestant ... 3.8% or 2.5% (reduced rates) Taxation in Switzerland
The average taxes in the canton are higher than in most cantons, in 2006, the tax index in the canton was 126.6 (Swiss average is 100.0). In 2006, the canton had the highest final tax rate on high wage earners (15.26% on a married couple with two children earning 150,000 CHF vs 11.6% nationally), though the tax rate was in the middle for lower ...
The Federal Direct Tax (FTA) is a Swiss direct income tax. It is the main source of revenue for the federal government, followed by the value-added tax (VAT), which represent respectively 34.3% and 32.1% of the total tax receipts as of 2022. [1] There is no wealth tax at the federal level; it is levied only by the cantons and municipalities.
Municipalities are financed through direct taxes (such as income tax), with rates varying more or less within a framework set by the canton (see Taxation in Switzerland). As among the cantons, there is a tax transfer among the municipalities to balance various levels of tax income.
The canton of Zug has one of the lowest tax rates in Switzerland. Bloomberg L. P. reported that trading houses with ties to Russian oligarchs are peppered all over the low tax canton of Zug. Local officials estimate that there are at least 40 companies connected to Russia that employ about 900 people in the canton.