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The Swiss Confederation issued two bonds by auction on 11.02.2026: 0.50%, maturity 27.06.2032 (reopening) and 0.50%, maturity 28.05.2040 (reopening). The issuance volume (excluding own holdings) amounts to a total of 372.140 million francs

The Swiss Confederation is offering two bonds on a public tender system on 11.02.2026: 0.50%, maturity 27.06.2032 (reopening) and 0.50%, maturity 28.05.2040 (reopening).

For legal entities, direct taxes levied by the cantons and municipalities amount to an average of just under 9% of profits, which represents a decline compared to 2025. The situation is relatively homogeneous across the cantons: only three cantons recorded an increase in the tax burden on legal entities between 2008 and 2026.For natural persons, on the other hand, the tax burden will increase compared with 2025. However, the trend varies greatly between the cantons: twelve cantons recorded an increase, while fourteen recorded a decrease. On average, direct taxes will account for almost one-fifth of the income of natural persons in 2026.Note: The detailed report on the tax burden index is no longer published annually. The latest report dates from 2025 and is available on our website (link).The next report will be published in 2028.2026 results (basic data - only available in German, French, and Italian) Viewing results for legal entities (Dashboard) Viewing results for natural persons (Dashboard)