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Tag Archives: Cantonal taxes Switzerland

Switzerland’s cantons make bigger than expected profits in 2022

In 2022, together, Switzerland’s cantons were expected to spend CHF 1.1 billion more than they brought in from taxes. Instead, they made a collective profit of CHF 3.5 billion, a positive delta of CHF 4.6 billion, reported RTS. Photo by Nate Hovee on Pexels.comSwitzerland collects tax at three levels: municipal, cantonal and federal. Cantonal taxes are typically the largest slice. This money covers the cost of key services such as health, education and welfare. In 2022, a total of 16...

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