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Switzerland needs to burnish its appeal to multinationals by presenting a simplified plan to lower corporate tax rates after voters rejected proposals they feared would squeeze public services and shift the fiscal burden onto individuals.The Swiss government, which warned rejecting tax reform would drive foreign companies away, has yet to present a Plan B. Lawmakers need to plug that gap by discarding the fiscal concessions that alienated voters and focus on the core objective of aligning tax rates for local companies and multinationals at a competitive level, said Thierry Boitelle, a lawyer at Bonnard Lawson in Geneva.Geneva plans to lower its corporate tax rate to 13.49 percent from 24.2 percent, but is relying on federal funds to plug part of its 440 million franc ($440 million) revenue gap.
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