Saturday , April 20 2024
Home / SNB & CHF / The large tax differences between Swiss cantons

The large tax differences between Swiss cantons

Summary:
In Switzerland, tax is largely determined by the canton of residence. The range of tax rates is wide. In 2017, a single person earning CHF 100,000 paid only CHF 7,592 in the canton of Zug but CHF 19,233 in the canton of Neuchâtel, more than 2.5 times as much. Someone married with children earning the same amount paid CHF 920 in Zug and CHF 9,249 in Neuchâtel, more than 10 times as much. The chart above shows tax rates for single and married people with two children earning CHF 100,000 by canton in 2017. Tax rates also vary slightly within cantons by municipality. The figures above are for the capital city of each canton. The numbers come from a report published by Switzerland’s Federal Statistical

Topics:
Investec considers the following as important: , ,

This could be interesting, too:

Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression

Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism

Douglas French writes Millennials: In Costco We Trust

Vasil Georgiev writes Luftfahrtindustrie: Rückblick auf 2023 und Prognose für 2024

The large tax differences between Swiss cantons

In Switzerland, tax is largely determined by the canton of residence. The range of tax rates is wide. In 2017, a single person earning CHF 100,000 paid only CHF 7,592 in the canton of Zug but CHF 19,233 in the canton of Neuchâtel, more than 2.5 times as much. Someone married with children earning the same amount paid CHF 920 in Zug and CHF 9,249 in Neuchâtel, more than 10 times as much. The chart above shows tax rates for single and married people with two children earning CHF 100,000 by canton in 2017. Tax rates also vary slightly within cantons by municipality. The figures above are for the capital city of each canton. The numbers come from a report published by Switzerland’s Federal Statistical Office on 11 July 2018.  

Tags: ,
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *