Basel to Overtake Zurich as Second-Most Attractive Swiss Canton
- Geneva to make biggest advance in rankings: Credit Suisse
- Zug to retain top spot with plan for lowest corporate tax rate
This article is for subscribers only.
Basel City will leapfrog Zurich to become Switzerland’s second-most attractive location for businesses by 2020 as Swiss cantons cut corporate tax to bolster their appeal, according to Credit Suisse Group AG.
Basel, home of Roche Holding AG and Novartis AG, will move up two places in the ranking of 26 cantons over the next four years, given a plan to reduce its tax rate to 13 percent from 22.18 percent, Credit Suisse said in a study published on Thursday. The placing of the French-speaking cantons of Geneva and Vaud is set improve the most after similar tax cuts, while Zug will cement its top spot with plans to introduce the country’s lowest rate of 12 percent.