HomeEconomySwitzerland says yes to the minimum tax of 15% to large companies...

Switzerland says yes to the minimum tax of 15% to large companies operating abroad

The Swiss voted by a large majority in favor of the implementation of the OECD project that foresees introducing a 15% tax on large companies that operate internationally.

After having voted this Sunday by a large majority in favor of carbon neutrality in 2050, the Swiss accepted by more than 79% in a second referendum the introduction of a 15% tax on large companies active internationally, according to the estimates published at the close of the polls.

This vote should lead to a constitutional amendment aimed at implementing the project of the Organization for Economic Co-operation and Development (OECD) and the G20 on the taxation, at a rate of at least 15%, of large business groups with international activity. .

Estimated revenue between 1 and 2.5 billion francs

The minimum taxation will be applied to business groups with an annual turnover of at least 750 million euros. Until now, most of the 26 Swiss cantons applied low business taxes to remain competitive despite high labor costs.

The number of Swiss groups directly involved in Switzerland is estimated at a few hundred by the Federal Tax Administration, which estimates that the revenue from the additional tax will be between 1 and 2.5 billion francs in the first year.

Author: LP with AFP
Source: BFM TV

Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here