Options, Recommendations and Conclusions — conclusion

Conclusion of Chapter III

The canton of Zug has considerable room for manoeuvre in the fields within its control: taxes, housing, infrastructure, education, the administration and courts, integration and culture. Its financial strength gives it the means to act. The options discussed in this chapter include a tax strategy that combines low ordinary rates with investments permitted under the minimum tax rules, an active housing policy, investment in infrastructure and education, English-language court proceedings, support for integrity in the commodity sector and the crypto industry and measures to strengthen the integration of international residents. Companies and their advisers should base their decisions on substance, compliance, long-term planning and engagement with the canton. The canton's future depends on the combination of these efforts and on the political support of its residents.

Conclusion of Part K

Zug in 2035 will be shaped by forces that are already visible: the global minimum tax, geopolitical fragmentation, the energy transition, technological change, the growth of its population and the political debate about its economic model. The four scenarios of this part describe a range of possible futures, from the adaptive hub to the squeeze. Which of them materialises will depend on developments beyond the canton's control and on the decisions of its citizens, its authorities and its companies. The canton's best protection is the diversity of its economy and its capacity to adapt, which it has demonstrated repeatedly in its history.

In five sentences

The global minimum tax, geopolitical fragmentation, the energy transition, technological change and population growth will shape Zug until 2035, while the political support of its residents will decide how the canton responds to them. Four scenarios describe the range of possible futures: the adaptive hub, the fortress, the retreat and the squeeze, each defined by the openness of the world economy and the domestic support for an international model. The canton can act on taxes, housing, infrastructure, education, courts and integration, using its large surpluses for measures that are compatible with the international rules. Companies and advisers should base their presence in Zug on substance, compliance and long-term planning, and should engage with the canton and its residents. Zug, which became a global hub through seventy years of pragmatic openness, depends for its future on each generation of its citizens choosing that openness again.

For general information only. This article does not constitute legal or tax advice, does not replace advice on an individual case and creates no lawyer-client relationship. It reflects the legal position as of September 2025.