Zug-Wallis Tax Optimization
Wallis is a part of France that has:
No Income or Corporation Taxes ,No VAT or Sales Taxes, No Capital Gain Taxes, (378€ yearly occupational fee). No Accounting Necessary
French authorities provide a document stating that all taxes have been paid. Wallis) is not considered as a Tax Heaven by governments and international organizations. France signed 100 double taxation agreements. Minimum Capit
To our American Friends. With "Joe the Taxer" We recommend to look at a legal tax optimization process in Switzerland or Wallis France. www.zug-wallis.com
GOOD NEWS! ZUG WILL VOTE MARCH 7 ON LOWERING TAXES BY 2% BECAUSE OF CORONAVIRUS!
09/11/2020
The Swiss Cantons Race for Low Taxes!
Corporate Tax Rate
According to KPMG and the Site Allnews, Switzerland in 2020 continues to lower its taxes contrary to most of other counties. The average Corporate tax rates fell from 17.1% to 15.1% this year. In 2007 it was over 10%.
The Canton of Zug is now the lowest place with a corporate tax rate of 11.9%, knocking Lucerne (12.3%) down from first to second spot. Many other cantons follow that lower trend ,such as Geneva, Fribourg Neuchatel and even in Basel Stadt, which plans by 2025 to lower it from 18% to 13.45%.
Zug (11.9%) is well placed internationally for corporate taxation, being cheaper than Ireland, Liechtenstein (12%), Cyprus (12.5%), Hong-Kong (16.5%) and Russia 20%. Not to speak about Germany 30%, France 31 % and Malta 35%.
Personal Income Tax rates
It is an important factor for the manager/entrepreneur. If a country or place (like Geneva) has a low Corporate tax, but has high income tax, it raises automatically the salaries. It is not the case again of Zug, which has also the lowest income tax rate. We should count an average 10% (including the new COVID incentive) for middle to high management.
Her are the Income taxes for top high incomes over 1 Million €: Zug 22.4%, India 35.9%, US 37% (before Biden), Geneva 44.75%, Australia-South Africa-China (45%), Japan 46%, Belgium 53.3%, Finland 53.75%, Austria (55%), Denmark 55.9% & Sweden 57.2%.
More than ever Zug is really the best opportunity combining Low Corporate and Income taxes. There are some alternatives with the very few countries like Wallis-France & Sark that have no corporate nor income taxes.
PS: Taxes in each canton vary slightly according to the city the city (Gemeinde): In Canton Zug, Baar, where Glencore is located, has slightly lower taxes than its neighbor the city of Zug.
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