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Lucerne at risk due to OECD Global minimum tax

Due to international taxation developments, such as the OECD global minimum tax initiative, the State Chancellery of the canton of Lucerne warns that the region may lose its “competitive advantage of low corporate profit taxes” for large international companies.  Specifically, there are concerns that companies affected by these changes may choose to relocate or reduce their investments in the region. In response, the Executive Council of the canton of Lucerne —the de facto cantonal government—plans to counter these potential negative impacts with targeted investments  to ensure Lucerne remains an attractive place to live and do business.

The proposal submitted for public consultation by the Executive Council outlines annual investments of 300 million Swiss francs as part of a comprehensive package of measures across the canton starting in 2026.

Overall, two-thirds of the funding will be used to strengthen Lucerne as a business hub. The focus will be on:
Promoting innovation
Improving the framework conditions for digitalisation
Ensuring the availability of commercial spaces
Enhancing customer-oriented administration

The remaining 100 million Swiss francs will be allocated for the benefit of Lucerne’s residents  with the largest share—70 million francs—earmarked for reducing the tax rate for individuals.

Lucerne is taking proactive steps to maintain its economic attractiveness and ensure a prosperous future for businesses and residents alike!