The Economic Affairs and Taxation Committee of the Swiss Council of States (upper house of parliament) has recommended that the draft bill for a new federal tonnage tax should not be taken up for further consideration. As previously reported, the draft bill was approved by the Swiss Federal Council in May 2022 and provides for the introduction of a tonnage tax regime that allows profits from the operation of seagoing vessels to be taxed at a flat rate based on the net tonnage (loading capacit…