Tax Jobs in Switzerland

Switzerland is strategically placed in the heart of Europe and boasts a world leading infrastructure, a sophisticated business culture and not to mention a very appealing tax rate. The growing attractiveness of Switzerland means it is a highly-viable relocation option for UK tax professionals, writes international tax jobs specialist Ewen Burns.

While far from being a 'tax haven', Switzerland has one of the most attractive corporate tax rates (25.45%) compared to other developed OECD countries. Ireland (12.5%), Iceland (18%) and other Eastern European countries (19%) all offer a significantly lower tax rate, but do not have the same level of infrastructure or quality of life. These qualities combined with Switzerland's stable political environment make it a far more attractive destination for MNCs looking to boost their margins through Tax Efficient Supply Chain Management.

The last five years have seen a dynamic and a truly 'free market' trend in which companies have grown through a combination of M&A activity and organic growth. However, given the current troubled economic climate where most blue chips have adopted a more cautious approach and are looking to reduce their CAPEX, the focus has shifted to the basics; retaining market share, streamlining processes and reducing the bottom line.

One of the most efficient ways an MNC can achieve this, is through enhancing tax saving initiatives and in return improving cash flow. With this in mind, an increasing number of MNC's are looking to exploit the tax benefits offered in Switzerland by basing their European operations in cities such as Geneva, Zurich and Lausanne. The realignment of a business model through a TESCM system can have significant financial advantages, with indirect tax and transfer pricing strategy having the deepest impact on the operational changes in the supply chain. This influx of companies looking to implement TESCM systems have created a demand for experienced European VAT and Transfer pricing professionals looking to broaden their horizons.

The outlook for tax jobs in Switzerland

While the UK job market continues to slow down, the demand for tax professionals in Switzerland continues to grow. However, given that the population of Switzerland is a mere seven million, the pool for talent is limited. Hence, we are seeing an increasing number of tax professionals relocating in search of a better standard of living, six figure remuneration packages and more sophisticated tax work. With the likes of E-Bay, Tetra-Pak and Honeywell having been in the market for tax professionals, this trend is set to continue well into 2009.

If you would like to have a more detailed conversation about VAT and Transfer Pricing opportunities in Switzerland or would like a general overview of the market, please do not hesitate to contact Ewen Burns on 020 7429 4468 or email ewenburns@purerecruitment.com.