25/04/23

SWITZERLAND: Government, parliament favour minimum tax for large corporations.

As published on zawya.com, Tuesday 25 April, 2023.

Switzerland's federal council and parliament recommend that voters accept a push to implement minimum taxation on large multinational enterprises ahead of a referendum on the issue next month, the department of finance said on Monday.

Switzerland is one of around 140 countries that have signed up to an OECD/G20 project aiming to apply a minimum tax rate of 15% on multinational corporations.

Swiss voters are due to vote on the required constitutional amendment on June 18. ($1 = 0.8901 Swiss francs)