The Swiss canton of Geneva announced on 30 August 2016 that it is planning to reduce its corporate tax rate from the current 24.2% to 13.49%, with an initial cut to 13.79% for a five-year interim period. The planned cuts are in relation to Switzerland's Corporate Tax Reform III (CTR III) ({News-2016-06-16/P/5- previous coverage}), which is meant to bring Switzerland in line with international standards, and includes abolishing the privileged cantonal tax regimes the cantons use to attract inv…