A new set of tax measures entered into force on 1 January 2009 after the Swiss voters approved the set of measures in February 2008. The measures are designed to lower the overall tax burden for corporations, self-employed persons and small businesses in Switzerland through specific provisions affecting the income tax, stamp duty and withholding tax. Some of the measures will become effective in 2011. This article discusses the new measures, including the partial taxation of dividends, broader participation exemption, indirect tax relief from the capital tax, issuance stamp duty relief for financial reorganizations, and withholding tax exemption on the repayment of paid-in capital.