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Switzerland Will End Tax Privileges For Holding Companies

By Caroline Simson ( June 5, 2015, 5:01 PM EDT) -- Switzerland said Friday that it would abolish a controversial policy allowing companies a preferential tax rate for foreign-sourced income, part of a series of amendments to the country's corporate tax regime that's expected to cost the government around 1 billion Swiss francs ($1.06 billion) in annual revenue....

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