Bern, Switzerland (GenevaLunch) - Corporate and value-added taxes levied by Switzerland remain among the lowest for OECD (Organization for Economic Cooperation and Develoopment) countries, show figures for 2009 pubished 16 December. Corporate taxes include federal taxes that are far lower than most, at 8.5 percent, plus local taxes of about 18.3 percent. Federal tax is deductible in Switzerland, rarely the caes elsewhere. The “TVA” or value-added tax (VAT), at 7.6 percent is well below other European VAT taxes and on a par with the retail sales taxes in many US states. There is no federal sales tax in the US.

Tables of 2009 sales tax, corporation taxes

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