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Swiss tax break for MNCs set to go in Feb 12 referendum

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Published Mon, Jan 30, 2017 · 09:50 PM

    Zurich

    US medical implant maker Zimmer Biomet's decision on a potential US$40 million investment in its Swiss factory has been put on hold until the outcome of a referendum next month on tax reform.

    A long-standing tax break that has attracted thousands of companies to Switzerland is set to go and the issue for Zimmer and some 24,000 international firms is how the new regime will stack up against other low-tax jurisdictions.

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