Danilo · Updated 2026-10-21 · Sources: Miebach Consulting press release "Miebach Switzerland moves from Zug to Zurich", 23 February 2026; Zefix / SHAB, Miebach Consulting AG (CHE-103.520.779), SHAB 27 February 2026; ESTV tax calculator 2026 (income and legal-entity taxes); SBB fares; Federal Act on the Harmonisation of Direct Taxes (StHG, SR 642.14), Art. 3; Ordinance on minimum taxation of large business groups (SR 642.161)
Miebach moves from Zug to Zürich – toward the higher tax bill
Company moves are often read as a move toward lower tax. This one runs the other way. Miebach Consulting, a supply-chain consultancy, announced on 23 February 2026 that its Swiss office would move from Zug to Zürich, effective 1 March 2026. The Swiss office had been in Zug since 1985. The commercial register (Zefix, SHAB publication of 27 February 2026) shows that the legal seat of Miebach Consulting AG moved as well, to Schaffhauserplatz 3 in Zürich.
The press release says nothing about taxes. It gives other reasons, which are worth reading next to the numbers.
What the company says
The release names "Zurich's central location within a dynamic economic environment, excellent accessibility, and close proximity to major clients and business networks" as key drivers. Volker Oschlies, Managing Director of Miebach Consulting Switzerland, is quoted: "Zurich provides the environment we need for our continued growth – both in terms of expertise and talent." And: "For our clients, this means shorter distances, well-coordinated project teams, and a setting that sustainably supports excellence in supply chain consulting."
Headcount was not published, so we cannot say how many people the move touches.
What the tax calculator shows
We do not know the profit of the Swiss entity, so we price an illustrative company limited by shares (AG) with CHF 1 million of profit before tax and CHF 10 million of equity, using the federal tax administration's (ESTV) calculator for 2026. This is not Miebach's tax bill, which is not public.
| Location | Profit tax | Capital tax | Total per year | Profit tax as share of profit |
|---|---|---|---|---|
| Zug | CHF 116'280 | CHF 6'714 | CHF 122'994 | 11.6% |
| Zürich | CHF 191'522 | CHF 16'453 | CHF 207'975 | 19.2% |
On these inputs the illustrative company pays CHF 84'981 more a year in Zürich (CHF 207'975 − CHF 122'994). Set that beside the stated reasons: talent, central location, accessibility, clients. A gap that size can be on the table and still not decide the move. The calculator can't say which weighed more, and the company hasn't said.
One caveat on the company side: since 2024, groups with at least EUR 750 million in annual consolidated revenue pay a Swiss top-up wherever their effective rate falls below 15% (Ordinance on minimum taxation of large business groups, SR 642.161). The calculator ignores it. If Miebach's Swiss entity belonged to a group of that size, the minimum tax could change the gap. The sources we used say nothing about group size, and Zügle does not compute the effect on any company's figure.
Staff who keep their Zug home
For employees the question is different. Income tax is owed where you have your tax domicile, normally where you live, not where the desk is (Art. 3 StHG). Someone who lives in Zug and now commutes to Zürich keeps their Zug tax bill.
What changes is the train. From Zug to Zürich HB a monthly second-class pass comes to about CHF 250 in Zügle's fare tables, which is CHF 3'000 a year (CHF 250 × 12). Check SBB for the real price. Whether the employer pays for it is a matter between employer and employee.
Staff who would move to Zürich
Two example households, not Miebach pay data. One is single on CHF 130'000 gross with no church tax. The other is married with two children, also on CHF 130'000.
| Household (example) | Zug | Zürich | Difference |
|---|---|---|---|
| Single, CHF 130'000 | CHF 9'384 | CHF 18'647 | CHF +9'263 |
| Married, two children, CHF 130'000 | CHF 1'389 | CHF 8'890 | CHF +7'501 |
Income tax 2026, from the ESTV calculator. The single person would pay CHF 9'263 more a year in Zürich (CHF 18'647 − CHF 9'384), the family CHF 7'501 more (CHF 8'890 − CHF 1'389). Both differences are far outside the band Zügle shows in amber, which means "about the same".
For a Zug resident, then, tax argues against moving. Keeping the Zug home costs CHF 3'000 a year in train fares at the figure above. Moving to Zürich adds more than that in tax in both examples, before rent, which this guide leaves out on purpose.
What a tax delta does and does not tell you
The company numbers alone point to Zug, and the company went to Zürich. That doesn't make the tax figures wrong. A tax delta on its own doesn't predict a move, and a company's stated reasons can be about something else entirely: here talent, location, accessibility and clients.
A fair reading is narrow. We know where the company moved, when, and what it said, and we know what an illustrative AG would pay in each place. The real profit, the group structure and the headcount are unknown to us.
What these numbers leave out
- The company figures describe an illustrative AG with CHF 1 million of profit and
CHF 10 million of equity, not Miebach. Its real Swiss taxable profit is not public.
- The household figures are for tax year 2026, one income and no church tax.
- Rent, travel time, a possible GA or half-fare card and employer commuting allowances are
not priced.
- Nothing here is tax advice. Have a Swiss tax adviser review any decision.
Try it with your own numbers
Compare your own home with a flat in another municipality: try it with your own numbers. Relocation advisers can run the same comparison per employee in the agency workspace.