Dear Members and Friends of SwissCham Beijing,
In May 2019, Swiss population has voted in favour of a revised federal corporate tax law. The changes will take effect as of January 1, 2020 and have a wide range of impacts on companies that have a taxable presence in Switzerland.
The revision of the federal corporate tax law does imply that cantonal tax laws have to be adopted in 2019 as well. In general, companies with a taxable presence in Switzerland will benefit from lower local corporate tax rates.
The revised law does ensure that Switzerland provides an OECD compliant, sustainable and attractive tax landscape. Chinese companies that have operations outside of P.R. China will find Switzerland an attractive tax location for their global and regional headquarters.
The new tax regimes offered by the revised Swiss corporate tax law can be used by Swiss organisations and organisations interested in Swiss based operations going forward to adopt and optimize their tax strategies. In setting up structures to make best use of the opportunities offered by the new corporate tax law will increase their profitability and support investments in the future.
The role of Switzerland as an important location for companies active in the European and Chinese markets is evidenced by “One Belt, One Road” Memorandum of Understanding” signed by Switzerland and China. Switzerland becomes the third European country after Italy and Luxembourg to join the “Belt and Road” Initiative.
Stefan Schmid, Partner PWC Switzerland and Felix Sutter, President Swiss Chinese Chamber of Commerce will present and discuss with you the new corporate tax law at the occasion of a SwissCham luncheon on June 25th 2019 at Hotel Éclat Beijing.
We cordially invite you to this event to discuss relevant Swiss-European-Chinese strategies in the current global environment.
Summary of Benefits in attending the event：
- What benefits does the Swiss corporate tax reform bring for Chinese investors?
- What can Switzerland as investment location offer to make your European business strategy even more successful?
- Which implications does the tax reform have for a Swiss company that operates in China?
- What are the PricewaterhouseCoopers Switzerland’s service offerings?
With best regards,
Your SwissCham Team
In cooperation with:
Partner, Tax and Legal Services, PricewaterhouseCoopers AG, Zurich, Switzerland
Stefan is the Swiss lead tax partner for various internationally operating groups, with:
-Over 20 years of professional experience in setting up international structures for multinational groups with an emphasis on implementing tax aligned business models (value chain transformation)
-Location planning for inbound clients (Location comparison studies)
-Assisting multinational groups in implementing and maintaining intellectual property structures
-Assisting foreign based multinationals structuring their European and global investments with a focus on future profit repatriation
-Assisting multinational groups in claiming tax incentives and other benefits offered by the economic development programs of Switzerland
-Assisted various US and Asian based clients to set up their European business structure
Partner, PricewaterhouseCoopers AG, Switzerland/President of the SCCC
Felix Sutter serves as the President of the Swiss Chinese Chamber of Commerce (SCCC) since 2015, he was instrumental in repositioning SCCC and restructuring its Board to address todays and the chamber’s future needs.
Felix Sutter has been a Partner at PricewaterhouseCoopers (PwC) Switzerland for more than 19 years. First started his corporate career in 1981 with insurance companies, Felix moved to PwC in 1995 and has been with the firm until June 30, 2018. In addition to his decades of service of clients globally, Felix had also taken up overseas secondments as a Partner for PwC spending 5 years in Beijing and 2 years in Singapore. During this period Felix had the opportunity to work with domestic and international clients from the fastest growing economies. This has given him the in-depth understanding of some of the most prominent emerging markets in Asia such as Singapore, Malaysia, Indonesia and most of all, China.
Felix will continue to be engaged by PwC as a Business Consultant to support Asia Business Group activities similar to his earlier activities at PwC.
Felix has been nominated in November 2017 as one of only three “Visiting Leaders” at the China European International Business School (CEIBS) Shanghai Campus. He participates as of 2019 in lecturing an elective on the topic “Consulting skills” for MBA and EMBA students at CEIBS.
He has joined SUCCEED AG as a CEO as of January 1, 2019 and will be active in consulting activities as well as being a x-culture mentor for business executives that are active in Asian and European Markets.
In February 2019 Felix has been asked to join China Construction Bank Trust’s “Global Family Wealth Strategy Advisory Committee”.
11:45 – 12:05 Registration & Networking
12:10 – 12:15 Welcome by SwissCham
12:15 – 13:00 Lunch
13:00 – 13:20 Dessert & Presentation by Stefan Schmid, PWC Switzerland
Topic: Swiss corporate tax reform, a future proof tax system -what has changed?
Benefits of a Swiss setup
13:20 – 13:30 Presentation by Felix Sutter, SCCC
Topic: Implications for Chinese Companies active in European countries
13:30 – 13:45 Q&A
13:45 – onwards Networking
MORE INFORMATION & REGISTRATION
+86 10 8468 3982
RSVP: Please register by June 24th 2019.
Cancellation of RSVP
In case you need to cancel your attendance to the event, please write an email to [email protected] at least 24 hours prior to the event. Failure to cancel your RSVP timely will require the payment of a “no show bill” of the full amount stated in this invitation. You can reach us as well by telephone: +86 10 8468 3982