Bloomberg

(Bloomberg) -- The Swiss canton of Geneva will next week propose cutting its corporate-tax rate to boost its appeal in the face of European pressure to scrap tax breaks for foreign companies. The lower rate will see Geneva rival other low-tax jurisdictions across Europe, while providing Zurich with stiffer competition for Swiss corporates.

To contact the reporter on this story: Albertina Torsoli in Geneva at atorsoli@bloomberg.net. To contact the editors responsible for this story: Vidya Root at vroot@bloomberg.net, Zoe Schneeweiss, Sheldon Reback

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