Skip to main content

Basel leads in international tax competition

| News

Basel leads in international tax competition

20.12.2019

The canton of Basel-Stadt offers one of the world’s most attractive tax burdens for companies, according to the latest BAK Taxation Index. With an effective tax burden of 11 per cent, it has ranked seventh in the world for the first time.

Basel with Roche and Messe towers (img: Adriano Biondo)

The economic research institute BAK Economics has published the BAK Taxation Index 2019, which compares the tax burden on companies worldwide. The canton of Basel-Stadt has secured seventh place thanks to the significant tax cuts made within the corporate tax reform. Its effective tax rate is now 11 per cent (8.6 percentage points lower than previously).

The index shows that the Swiss cantons overall are still very well positioned in the international tax competition. According to BAK Economics, this is despite the fact that competition has significantly stepped up since the last index in 2017.

Alongside Basel-Stadt, Nidwalden, Lucerne, Appenzell Ausserrhoden and Obwalden are in the top seven. Hong Kong took the top spot. The international average for effective tax burden is 26.4 per cent, according to BAK. In Switzerland the value is more than 10 percentage points lower at 15.6 per cent.

Share this article

Sign up to receive our newsletter in your inbox.

You might also be interested in

The power of a persuasive pitch deck

Are you an entrepreneur striving to secure investment for your biotech startup? Start with an effective pitch deck to catch...
Read More

Roche investing an additional 1.2 billion Swiss francs in Basel

Roche will be putting an additional 1.2 billion Swiss francs towards the renovation of its site in Basel. This investment...
Read More

Nouscom secures 67.5 million euros in financing

Biotech company Nouscom has raised 67.5 million euros in a series C financing round. The Basel-based firm intends to use...
Read More

Celebrating six months of innovation: i4Challenge accelerator New Ideas 2022/2023

On the 5th of July 2023, the 3rd iteration of the i4Challenge accelerator program New Ideas came to its conclusion....
Read More

How open innovation in healthtech hubs is fueling the rise of digital healthcare

How the ever-increasing uptake of digital solutions is enhancing patient engagement, increasing access to care and lowering the cost of...
Read More

How to access the U.S. market with your medical device

In one of our latest Venture Mentoring events by Basel Are Business & Innovation, we invited Nila-Pia Rähle to speak...
Read More

Do you have a question? We'd like to hear from you.