According to recent reports, the Swiss canton of Zug is planning to reduce its corporate tax rate to 12% (current top rate 15.1%). The planned cut is 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 investment. In addition to the corporate rate cut, Zug is also planning to int…