The pressure on Switzerland to reform the tax treatment of those companies with a special cantonal tax status has increased substantially over the last years. One element in the current discussion regarding the reform of the corporate tax system is the introduction of a licence box, in which...

In this contribution we are exploring to which extent municipalities depend on transfers and financing through debt. Answering this question allows us to draw conclusions about the capacity of municipalities to adapt their fiscal policy in response to unexpected fiscal shocks to municipal...