Zug best tax rate kenleaks magazine

Zug remains with the best tax rate for families

The Swiss canton of Zug remains the canton with the best tax rate for families. This conclusion was made by the journalists of the Le Matin Dimanche edition, who conducted a comparative analysis of the country’s cantons. Check the news Zug remains the canton with the best tax rate for families on Switzerland based Luxury Lifestyle Magazine- Kenleaks Magazine.

They found that Zug offers the best tax regime for families with different income levels of all 26 cantons in Switzerland. The canton of Zug is home to many large international companies. The cantonal government has lowered taxes during the coronavirus pandemic, making it even more attractive. According to a study by Le Matin Dimanche, a married couple with two children on an income of CHF 60,000 will pay zero income tax in both Zug and Geneva. Moreover, in the canton of Bern, this family would pay 1562 Swiss francs.

However, a couple with a higher income of CHF 125,000, but without children, would have paid CHF 5,451 in taxes in Zug. However, in Geneva that amount would be three times more, and in Neuchâtel – four times more. The report also notes that the authorities in several French-speaking cantons are levying more taxes on high-paid people. In particular, as noted by TheLocal, Geneva, Lausanne and Neuchâtel have quite high tax rates today.

Check the news Zug remains the canton with the best tax rate for families on Switzerland based Luxury Lifestyle Magazine- Kenleaks Magazine.

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