en.wikipedia.org/wiki/Taxation_in_Switzerland
4 corrections found
Currently, 13 casinos are in operation.
The current count is wrong. Switzerland's Federal Gaming Board says there are 11 Category B casinos, not 13.
Full reasoning
The article presents this as a current fact, but the Swiss Federal Gaming Board's current official listing says otherwise.
On its Land-based casinos page, published 9 February 2026, the Federal Gaming Board says there are 19 licensed casinos in Switzerland, of which 11 have a Category B licence. That directly contradicts the article's claim that 13 type-B casinos are currently operating.
1 source
- Land-based casinos
There are currently 19 licensed casinos in Switzerland; eight of these have a Category A licence and 11 have a Category B licence.
At the cantonal level only, a "holding privilege" applies to pure holding companies. They are exempt from the cantonal corporate profit tax. Moreover, cantonal law confers a "domicile privilege" on companies who are only administered in Switzerland, but whose business is conducted abroad; including shell corporations. The cantons tax only around 10 percent of the worldwide profits of such companies.
This is outdated. Switzerland abolished the cantonal preferential regimes for holding, domiciliary and similar "status companies" when the TRAF reform entered into force on 1 January 2020.
Full reasoning
Swiss federal sources say these cantonal special regimes no longer apply.
The State Secretariat for International Finance states that the Federal Act on Tax Reform and AHV Financing (TRAF), which entered into force on 1 January 2020, "abolished tax regimes that were no longer internationally recognised." That directly contradicts the article's present-tense claim that a cantonal holding privilege and domiciliary privilege apply today.
The Federal Council's explanation of the corporate tax reform likewise says that Switzerland's reduced taxation for holding, domiciliary and mixed companies "must be abolished" and that the reform "abolishes the reduced taxation of status companies."
So the passage is no longer accurate as a description of current Swiss law: those preferential cantonal status-company regimes were abolished in 2020, rather than continuing to exempt holding companies or tax domiciliary companies' worldwide profits at only around 10%.
2 sources
- BEPS Minimum standards
The Federal Act on Tax Reform and AHV Financing (TRAF), which entered into force on 1 January 2020, abolished tax regimes that were no longer internationally recognised and introduced new, internationally accepted rules.
- Corporate Tax Reform Act III
Lower taxation on holding, domiciliary and mixed companies is one of the reasons for this... However, this system of reduced taxation no longer satisfies international standards and must be abolished... The reform abolishes the reduced taxation of status companies.
Started in 2023
The start date is wrong. Switzerland introduced the OECD minimum corporate tax on 1 January 2024, not in 2023.
Full reasoning
Swiss federal authorities state that Switzerland introduced the OECD minimum tax rate on 1 January 2024.
The same official page explains that Swiss voters approved the necessary constitutional amendment on 18 June 2023, and that the Federal Council decided on 22 December 2023 to implement the supplementary tax from 1 January 2024. So 2023 was the year of the vote and implementation decision, but not the year the tax actually started applying.
1 source
- Implementation of the OECD minimum tax rate in Switzerland
Switzerland introduced the OECD minimum tax rate on 1 January 2024... During its meeting on 22 December 2023, the Federal Council decided to implement the minimum tax rate with the introduction of a supplementary tax in Switzerland from 1 January 2024.
a "participation exemption" is granted to companies who hold 20 percent or more of the shares of other companies;
The threshold is no longer 20%. Current federal tax guidance says the participation deduction applies from a qualifying stake of at least 10% (or certain CHF 1 million holdings).
Full reasoning
Current Swiss federal tax guidance contradicts the article's 20% threshold.
The Federal Tax Administration's Swiss Tax System guidance says that corporations or cooperatives with a stake of at least 10% in another company's share capital, profits or reserves — or a participation with a market value of at least CHF 1 million — benefit from the participation deduction. That means the article's present-tense statement that the participation exemption is granted only when a company holds 20 percent or more of another company's shares is outdated.
An ESTV notice on the group notification procedure likewise notes that the relevant qualifying threshold is 10% (currently 20% changed to 10%), reinforcing that 20% is not the current benchmark.
2 sources
- The Swiss Tax System
Corporations or cooperatives that have a stake of at least 10% in the share capital or in the profits and reserves of other companies, or which have an interest in such capital with a market value of at least CHF 1 million, benefit from a tax reduction... This participation deduction is granted in order to prevent multiple taxation via profit tax.
- Anticipatory tax: amendments to the notification procedure in a group of companies as of the 1st of January 2023
Hence, the group notification procedure will be permitted for shareholdings of 10% (currently 20%) or more and for all legal entities holding such a qualifying shareholding.