Canton of Lucerne plans measures for successful economic development
Lucerne - The canton of Lucerne is seeking to counteract global tax developments with a package of measures aimed at bolstering the local economy. Investments totaling 250 million Swiss francs are planned for 2026, with a sum of 300 million Swiss francs to be made available each year from 2027 to enhance the business appeal of Lucerne and to secure jobs.
In reaction to global tax developments, the canton of Lucerne is planning a package of measures to improve the framework conditions for businesses and enhance the quality of life for the local population. This investment package comprises 250 million Swiss francs in the first year, which will then be upped to 300 million Swiss francs per year from 2027. This is to be put towards «a wide range of measures», as the canton writes in a press release.
Global developments could seriously harm the region’s competitive advantage, according to the press release. For example, the OECD minimum tax rate could cause the canton to lose its edge in the form of low corporate income taxes, which in turn could lead to large international corporations opting to no longer invest in Lucerne. This would come at the expense of local jobs and tax revenues. Estimates suggest that lost tax revenues at the level of the federal government, canton and municipalities could amount to 1,100 million Swiss francs.
The package of measures aims to offer more attractive conditions to major global corporations located in the region on the basis of innovation promotion, tax relief measures, increased digitalization, the development of commercial areas, the availability of commercial and residential spaces, and customer-oriented administrative processes.
The local population is expected to benefit from lower taxes, an improved work-life balance, and a range of cultural and digital opportunities. The electorate is expected to vote on this in September 2026.
