Federal Ministry of Finance issues Draft Bill on corporate tax reform

On 5 February 2007, the Federal Ministry of Finance published (for discussion purposes) the first draft bill for the planned 2008 corporate tax reform.. According to the current schedule, the government is supposed to adopt the bill on 14 March 2007 and the Federal Cabinet and the Federal Council are supposed to decide on the bill on 15 June 2007 and 6 July 2007, respectively. The draft bill features several fundamental changes of the corporate and personal income tax system, wh…